Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 6.99% gain in PROSPECT based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on PROSPECT, 2148 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 17.69%.
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 $941,500
Profits averaged 6.14% 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 2.49%.
An average of 4.17 real estate transactions take place per month in PROSPECT which translates to 50 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.69%||0.27%|
|Median 3 years||18.43%||4.27%|
|Median 5 years||24.29%||7.84%|
|10 years average annual||8.77%||7%|
|Weekly media advert. rent||$450||$410|
|Time on Market||21.4 days||71.1 days|
|Gross Rental Yield Percent||2.49%||3.88%|