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1 MIN READ‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
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EnfieldEnfield - SUBURB PROFILE REPORT
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Property investors have seen a 8.42% gain in ENFIELD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ENFIELD, 2136 saw average growth in the long term.
The NSW 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 $1,431,200
Profits averaged -2.9% per annum over a 3-year period, due to an downward trend in home prices in ENFIELD, 2136.
This means, real estate investors could earn a rental income of $647.5 based on current median home prices for the suburb.
The gross rental yield in ENFIELD, 2136 is 2.35%.
An average of 2.5 real estate transactions take place per month in ENFIELD which translates to 30 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,431,200 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.42% | 0% |
| Median 12 month | 8.02% | -7.69% |
| Median 3 years | -8.7% | -11.76% |
| Median 5 years | 1.04% | -2.28% |
| 10 years average annual | 6.85% | 4.23% |
| Weekly media advert. rent | $647.5 | $430 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.35% | 3.73% |
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