4 Things Borrowers Can Do With An Increase In Equity
Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
Property investors enjoyed capital gains of 7.88% over the last 12 months in BEXLEY NORTH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.45% growth over a ten-year period. It ranks 1301st on our list of suburbs that property investors should look into.
BEXLEY NORTH, 2207 has a capital gain of 7.88% for the past year, which is higher than average compared to its 2.36% growth within a five-year period.
With the median home price in BEXLEY NORTH sitting at $1,300,000, and the average rent at $600, property owners could potentially earn a 2.4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BEXLEY NORTH are high, as opposed to average gains per annum over the past five years.
BEXLEY NORTH, 2207 in NSW belongs to the local government area of Rockdale (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.88%||N/A|
|Median 3 years||-2.37%||N/A|
|Median 5 years||2.36%||10.71%|
|10 years average annual||6.45%||1.69%|
|Weekly media advert. rent||$600||$417.5|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.4%||2.94%|