Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Property investors enjoyed capital gains of 39.23% 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 low, as opposed to average gains per annum over the past five years.
The suburb posted a 12.5% 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 $610 based on current median home prices for the suburb.
On average, rents on listings have reached the $610 mark, reflecting a 1.41% increase in returns based on the current median price in HOMEBUSH.
HOMEBUSH, 2140 ranks 14th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1118th on the list of best yielding suburbs for rental properties in NSW, posting a 1.41% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,250,000 | $648,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.27% | -0.23% |
| Median 12 month | 39.23% | -0.23% |
| Median 3 years | 12.5% | -4.95% |
| Median 5 years | 22.45% | -0.08% |
| 10 years average annual | 11.37% | 4.47% |
| Weekly media advert. rent | $610 | $500 |
| Time on Market | 0.0 days | 84.2 days |
| Gross Rental Yield Percent | 1.41% | 4.01% |
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