Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 $955,000.
The upward trend in home prices in PEMULWUY, 2145 averaged 6.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $615 mark, reflecting a 3.35% increase in returns based on the current median price in PEMULWUY.
An average of 3.5 real estate transactions take place per month in PEMULWUY which translates to 42 per annum.
42 properties were sold in PEMULWUY in 2016, making it the 468th most active market in NSW based on total real estate transactions.
PEMULWUY, 2145 places 1004th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $955,000 | $555,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.55% | -0.89% |
| Median 12 month | 5.52% | -0.89% |
| Median 3 years | 18.27% | 11.33% |
| Median 5 years | 53.11% | 35.37% |
| 10 years average annual | 6.93% | 7.25% |
| Weekly media advert. rent | $615 | $470 |
| Time on Market | 76.3 days | 61.3 days |
| Gross Rental Yield Percent | 3.35% | 4.4% |
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...
One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...
Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...
Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...