‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
Figures from the previous quarter show that capital gains for real estate buyers in BIRRONG are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
On average, rents on listings have reached the $520 mark, reflecting a 3.62% increase in returns based on the current median price in BIRRONG.
BIRRONG, 2143 ranks 1209th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 641st on the list of best yielding suburbs for rental properties in NSW, posting a 3.62% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $747,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.72% | N/A |
| Median 12 month | -18.75% | N/A |
| Median 3 years | -11.01% | N/A |
| Median 5 years | 19.98% | N/A |
| 10 years average annual | 7.84% | N/A |
| Weekly media advert. rent | $520 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.62% | N/A |
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