A steady increase in median property prices over a five-year period in the suburb translates to a 16.7% capital gain.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,520,000.
Profits due to an upward trend in home prices there averaged 5.57% per annum over a 3-year period.
Home owners selling their properties and realtors in ASHFIELD usually have to wait an average of 89.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $700 mark, reflecting a 2.39% increase in returns based on the current median price in ASHFIELD.
ASHFIELD, 2131 places 1129th in Australia based on median property value growth during the quarter.
Property investors in ASHFIELD enjoyed capital gains of 4.37% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ASHFIELD are low, as opposed to average gains per annum over the past five years.
ASHFIELD posted a 8.46% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.69% increase in returns based on the current median price in ASHFIELD.
ASHFIELD, 2131 ranks 282nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
ASHFIELD ranks 390th on the list of best yielding suburbs for rental properties in NSW, posting a 3.69% return.
If the capital assets are not permitted...
Yet again a state (nee liberal)...
What is short term letting - less than a...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal