NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Property investors have seen a 5.06% gain in PROSPECT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PROSPECT, 2148 saw average growth in the long term.
The NSW 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 $830,000
Profits averaged 0.82% per annum over a 3-year period, due to an upward trend in home prices in PROSPECT, 2148.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in PROSPECT, 2148 is 2.82%.
An average of 4.58 real estate transactions take place per month in PROSPECT which translates to 55 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.41%||-2.73%|
|Median 3 years||2.47%||2.19%|
|Median 5 years||18.57%||4.9%|
|10 years average annual||6.85%||7.23%|
|Weekly media advert. rent||$450||$400|
|Time on Market||28.0 days||0.0 days|
|Gross Rental Yield Percent||2.82%||3.89%|