Big bank balance sheets increasingly skewed to mortgages
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $760,000.
The downward trend in home prices in GRANVILLE, 2142 averaged -1.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.42% increase in returns based on the current median price in GRANVILLE.
An average of 7.83 real estate transactions take place per month in GRANVILLE which translates to 94 per annum.
94 properties were sold in GRANVILLE in 2016, making it the 30th most active market in NSW based on total real estate transactions.
GRANVILLE, 2142 places 751st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $760,000 | $460,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.4% | -8% |
| Median 12 month | -8.32% | -14.81% |
| Median 3 years | -5.06% | -15.6% |
| Median 5 years | 40.74% | 31.43% |
| 10 years average annual | 8.78% | 6.05% |
| Weekly media advert. rent | $500 | $440 |
| Time on Market | 62.5 days | 70.2 days |
| Gross Rental Yield Percent | 3.42% | 4.97% |
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
New research has revealed what the average investor is spending on their renovations, with a change in priorities pinpointed year-on-year. ...
The prudential regulator has launched a consultation on a proposal that would expand its collection remit for home lending data. ...
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
New research has provided insights into where the highest number of homes are being built and whether construction is rising or falling. ...
Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property ...
Get notifications in real-time for staying up to date with content that matters to you.