ACT Reports Progress Of ‘Better Suburbs’
The ACT government has delivered an update on its “Better Suburbs” plan, detailing the headway that has been made to...
Property investments in LIVERPOOL did not fare well against the rest of the country last year, registering a median home price decrease of 4.55%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LIVERPOOL, 2170 saw average growth in the long term.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 52.9 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $805,000.
LIVERPOOL ranks 788th on the list of best yielding suburbs for rental properties in NSW, posting a 2.71% return.
Liverpool is a suburb situated in Western Sydney, some 32 kilometres away from Sydney’s central business district. It is named after the local government area of the City of Liverpool.
Liverpool suburb profile
Liverpool is one of Australia’s oldest towns, boasting a number of heritage-listed buildings and infrastructure built by the country’s notable architects and engineers in the 1800s. It had roots in farming and was originally established as an agricultural centre by its founder, Lachlan Macquarie.
Liverpool is an ethnically diverse neighbourhood whose population had grown in the past decade. It welcomed thousands of immigrants in recent years, with a majority coming from Fiji, Iraq, Vietnam, India, the Philippines, Lebanon, New Zealand, Italy, England, and Serbia and Montenegro. Liverpool takes pride in its colourful heritage, which is eminent in its national and international celebrations.
Investing in Liverpool real estate
Liverpool’s real estate environment is undergoing a significant transformation as new developments crop up in the city and on the banks of the Georges River. Redevelopments are also taking place, with the beautification of old apartment buildings, and even hotels that cater to a rising number of tourists staying in Liverpool.
Existing apartment properties in Liverpool have also found new owners who are willing to pay a premium through auctions. While the current supply is high, it is not impossible for housing stock to level as buyers from Sydney outer suburbs take notice of Liverpool’s value.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.55%||3.33%|
|Median 3 years||2.88%||-6.91%|
|Median 5 years||14.84%||-6.06%|
|10 years average annual||7.76%||6.51%|
|Weekly media advert. rent||$420||$342.5|
|Time on Market||52.9 days||59.9 days|
|Gross Rental Yield Percent||2.71%||3.83%|