CBA profits dip 11%, offset by home lending spike
Above-system home lending volumes and record-high deposit growth have cushioned the COVID-induced hit to the major bank’s bottom line. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $655,000.
The downward trend in home prices in LURNEA, 2170 averaged -1.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.33% increase in returns based on the current median price in LURNEA.
An average of 5.75 real estate transactions take place per month in LURNEA which translates to 69 per annum.
69 properties were sold in LURNEA in 2016, making it the 177th most active market in NSW based on total real estate transactions.
LURNEA, 2170 places 293rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $655,000 | $511,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.97% | -2.57% |
| Median 12 month | -0.76% | -1.73% |
| Median 3 years | -5.07% | -5.11% |
| Median 5 years | 15.93% | 24.33% |
| 10 years average annual | 7.28% | 6.73% |
| Weekly media advert. rent | $420 | $395 |
| Time on Market | 73.9 days | 48.2 days |
| Gross Rental Yield Percent | 3.33% | 4.02% |
Above-system home lending volumes and record-high deposit growth have cushioned the COVID-induced hit to the major bank’s bottom line. ...
As many first home buyers would know, Australia has a housing affordability crisis, with COVID-19 potentially fixing the issue, an economist...
The volume of new home sales over the past two months has climbed by 64.4 per cent, which is being credited to the Australian government’s...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Of around 25 million Australians, 2.2 million own one investment property, 460,000 own two, and around 19,000 own more than six. From this...
Melbourne’s stage 4 restrictions have been weighing heavily on the national economy following the recent COVID-19 outbreak around the worl...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment