Are landlords being left high and dry by insurers?
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 2.07% capital gain.
It 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 $1,480,000
The augmented property values in the suburb are trailing above the territorial average of 0.14% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $682.5.
Home owners selling their properties and realtors in CASTLE HILL usually have to wait an average of 61.7 days days before their assets are lifted off the market.
The NSW suburb ranks 1124th on the list of best yielding suburbs for rental properties in NSW, posting a 2.4% return.
It also places places 512th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,480,000 | $847,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.07% | 1.5% |
| Median 12 month | 5% | 0.18% |
| Median 3 years | 2.07% | -0.29% |
| Median 5 years | 28.7% | 19.11% |
| 10 years average annual | 8.13% | 6.55% |
| Weekly media advert. rent | $682.5 | $550 |
| Time on Market | 61.7 days | 67.9 days |
| Gross Rental Yield Percent | 2.4% | 3.37% |
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
Investors who are concerned they will be priced out of Sydney are being advised to look a little further out, with Sydney’s surrounding su...
The deadline for the mandatory registration of private pools and spas in Victoria has been extended due to the coronavirus pandemic. ...
Why Australians could be given $50,000, how to terminate a tenancy, and the need for a stamp duty plan: Here are some of the biggest stories...
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
