How property investors can avoid costing themselves thousands
Ahead of the 31 October deadline for lodging tax returns, property investors are being warned to not leave thousands of dollars in the ...
A steady increase in median property prices over a five-year period in the suburb translates to a -3.77% capital gain.
Property investors in GUILDFORD WEST enjoyed capital gains of 3.03% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $765,000.
Profits due to an downward trend in home prices there averaged -1.26% per annum over a 3-year period.
Home owners selling their properties and realtors in GUILDFORD WEST usually have to wait an average of 63.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.19% increase in returns based on the current median price in GUILDFORD WEST.
GUILDFORD WEST, 2161 places 583rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $765,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2% | N/A |
| Median 12 month | 3.03% | N/A |
| Median 3 years | -3.77% | N/A |
| Median 5 years | 9.91% | N/A |
| 10 years average annual | 6.88% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 63.9 days | N/A |
| Gross Rental Yield Percent | 3.19% | N/A |
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