Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
PRESTONS, 2170 ranks 2668th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 0.97% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $780,000.
The upward trend in home prices in PRESTONS, 2170 averaged 7.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.67% increase in returns based on the current median price in PRESTONS.
An average of 10.17 real estate transactions take place per month in PRESTONS which translates to 122 per annum.
122 properties were sold in PRESTONS in 2016, making it the 1263rd most active market in NSW based on total real estate transactions.
PRESTONS, 2170 places 976th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $780,000 | $655,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.29% | 9.17% |
| Median 12 month | 0.97% | 15.93% |
| Median 3 years | 22.79% | 36.46% |
| Median 5 years | 58.38% | 80.69% |
| 10 years average annual | 6.64% | 4.67% |
| Weekly media advert. rent | $550 | $475 |
| Time on Market | 59.8 days | 0.0 days |
| Gross Rental Yield Percent | 3.67% | 3.77% |
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