Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors in HOMEBUSH WEST enjoyed capital gains of 1.64% 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 HOMEBUSH WEST are low, as opposed to average gains per annum over the past five years.
HOMEBUSH WEST posted a 1.02% 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 $410 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.44% increase in returns based on the current median price in HOMEBUSH WEST.
HOMEBUSH WEST, 2140 ranks 475th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
HOMEBUSH WEST ranks 322nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.44% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||1.64%|
|Median 3 years||N/A||1.02%|
|Median 5 years||N/A||3.46%|
|10 years average annual||N/A||3.8%|
|Weekly media advert. rent||N/A||$410|
|Time on Market||N/A||58.3 days|
|Gross Rental Yield Percent||N/A||3.44%|