4 Key Takeaways From The Treasurer
Property appears to be front and centre of the federal government’s economic agenda, so what can investors expect fro...
AUSTRAL, 2179 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling AUSTRAL, 2179 values up and netting property investors a capital gain of 22.88% for the past year.
Investors saw the median home price rise to $486,000.
Profits due to an upward trend in home prices in the suburb averaged 4.78% per annum over a 3-year period.
AUSTRAL now ranks at the 275th 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 AUSTRAL are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $550 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 AUSTRAL, homes and units usually stay on listing for an average of 108.4 days.
In 2016, 450 properties were sold in AUSTRAL during the past year, making it the 453rd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.88%||N/A|
|Median 3 years||14.35%||N/A|
|Median 5 years||-80.16%||N/A|
|10 years average annual||2.02%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||108.4 days||N/A|
|Gross Rental Yield Percent||5.88%||N/A|