Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Property investments in HARRIS PARK did not fare well against the rest of the country last year, registering a median home price decrease of -7.68%.
Figures from the previous quarter show that capital gains for real estate buyers in HARRIS PARK are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains HARRIS PARK, 2150 saw average growth in the long term.
This means, real estate investors could earn a rental income of $350 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 HARRIS PARK, homes and units usually stay on listing for an average of 72.0 days.
the NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $438,500
Investors saw the median home price rise to $438,500.
HARRIS PARK ranks 194th on the list of best yielding suburbs for rental properties in NSW, posting a 4.15% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-7.68%|
|Median 3 years||N/A||-14.02%|
|Median 5 years||N/A||-18.42%|
|10 years average annual||N/A||5.02%|
|Weekly media advert. rent||N/A||$350|
|Time on Market||N/A||72.0 days|
|Gross Rental Yield Percent||N/A||4.15%|