Property investors have seen a -1.84% drop in PROSPECT based on a decrease 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 $800,000
Profits averaged 12.64% 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 $460 based on current median home prices for the suburb.
The gross rental yield in PROSPECT, 2148 is 2.99%.
An average of 3.33 real estate transactions take place per month in PROSPECT which translates to 40 per annum.
Property investments in PROSPECT did not fare well against the rest of the country last year, registering a median home price decrease of -0.94%.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PROSPECT, homes and units usually stay on listing for an average of 0.0 days.
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 $525,000
Investors saw the median home price rise to $525,000.
PROSPECT ranks 208th on the list of best yielding suburbs for rental properties in NSW, posting a 4.26% return.
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