Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Based on its average 5-year and quarterly capital gains LAKEMBA, 2195 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that LAKEMBA, 2195 obtained a 7.25% growth over a ten-year period. It ranks 525th on our list of suburbs that property investors should look into.
LAKEMBA, 2195 in NSW belongs to the local government area of Canterbury-Bankstown (A).
LAKEMBA, 2195 has a capital gain of -15% for the past year, which is lower than average compared to its 15.36% growth within a five-year period.
With the median home price in LAKEMBA sitting at $807,500, and the average rent at $530, property owners could potentially earn a 3.41% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LAKEMBA are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $807,500 | $378,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -4.18% |
| Median 12 month | -15% | -11.62% |
| Median 3 years | -12.61% | -5.73% |
| Median 5 years | 15.36% | 11.82% |
| 10 years average annual | 7.25% | 6.58% |
| Weekly media advert. rent | $530 | $370 |
| Time on Market | 86.4 days | 75.1 days |
| Gross Rental Yield Percent | 3.41% | 5.08% |
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Having a well-structured mortgage loan that suits the investor’s specific needs, capabilities, limitations and long-term goals is among th...
Property is just as prone to changing styles and trends as any other aspect of society – so with a new decade just about upon us, what are...
Before diving into your first property purchase, get to know the basics of property investment, starting with the most common types of inves...
The central bank remains prepared to cut rates further, despite growing concerns that monetary policy has “lost its potency”. ...
Several property investors consider a good team of professionals as one of the most important keys to success in wealth creation. How do you...
Get notifications in real-time for staying up to date with content that matters to you.