‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 4.77% over the last 12 months in BIRRONG, translating to lower returns compared with its peers in NSW.
The suburb posted a 14.65% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.18% increase in returns based on the current median price in BIRRONG.
BIRRONG, 2143 ranks 642nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 757th on the list of best yielding suburbs for rental properties in NSW, posting a 3.18% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $900,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 4.77% | N/A |
| Median 3 years | 14.65% | N/A |
| Median 5 years | 71.43% | N/A |
| 10 years average annual | 9.93% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 115.8 days | N/A |
| Gross Rental Yield Percent | 3.18% | N/A |
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