New bank hits the market, set to offer home loans
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
FAIRFIELD WEST, 2165 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 $730,000.
Profits due to an upward trend in home prices in the suburb averaged 2.19% per annum over a 3-year period.
FAIRFIELD WEST now ranks at the 953rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in FAIRFIELD WEST are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $470 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In FAIRFIELD WEST, homes and units usually stay on listing for an average of 69.2 days.
In 2016, 121 properties were sold in FAIRFIELD WEST during the past year, making it the 1329th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.31% | N/A |
| Median 12 month | -4.07% | N/A |
| Median 3 years | 6.57% | N/A |
| Median 5 years | 51.77% | N/A |
| 10 years average annual | 8.85% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 69.2 days | N/A |
| Gross Rental Yield Percent | 3.35% | N/A |
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
One of the big four banks has updated its forecasts for the housing market, and when it expects that the downward cycle will hit its floor....
A growing number of Australians have got mortgages, despite what the home ownership figures are showing, according to fresh data from the Au...
One buyer’s agent is “constantly amazed” by the ongoing misconceptions in property investment about the underlying economics that dic...
New data has shown the most in demand suburbs in Australia, as buyers look to capitalise on ongoing price declines. ...
In response to APRA easing its guidelines on loan serviceability, two non-major banks have changed their mortgage serviceability assessmen...
Get notifications in real-time for staying up to date with content that matters to you.