Perth Unit Market Takes Over In A Post-COVID Country First
Perth unit sales have risen by over 50 per cent in the past year, building on the capital’s current recovery trend. ...
Property investors enjoyed capital gains of 36.36% over the last 12 months in HOMEBUSH, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in HOMEBUSH are high, as opposed to average gains per annum over the past five years.
The suburb posted a 13.63% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
On average, rents on listings have reached the $620 mark, reflecting a 1.35% increase in returns based on the current median price in HOMEBUSH.
HOMEBUSH, 2140 ranks 28th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1175th on the list of best yielding suburbs for rental properties in NSW, posting a 1.35% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||36.36%||-1.23%|
|Median 3 years||13.63%||-3.17%|
|Median 5 years||28.99%||-2.21%|
|10 years average annual||12.76%||4.15%|
|Weekly media advert. rent||$620||$500|
|Time on Market||0.0 days||83.7 days|
|Gross Rental Yield Percent||1.35%||4.05%|