Investors not ‘playing’ the game could miss out big
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...
Property investors enjoyed capital gains of 0.39% over the last 12 months in PARRAMATTA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in PARRAMATTA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 16.91% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
On average, rents on listings have reached the $520 mark, reflecting a 2.31% increase in returns based on the current median price in PARRAMATTA.
PARRAMATTA, 2150 ranks 955th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1081st on the list of best yielding suburbs for rental properties in NSW, posting a 2.31% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,172,000 | $648,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.61% | -1.07% |
| Median 12 month | 0.39% | -3.36% |
| Median 3 years | 16.91% | -0.61% |
| Median 5 years | 95.33% | 35% |
| 10 years average annual | 10.85% | 6.99% |
| Weekly media advert. rent | $520 | $480 |
| Time on Market | 105.0 days | 69.4 days |
| Gross Rental Yield Percent | 2.31% | 3.85% |
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