Hot Property: The biggest stories this week
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
NARWEE, 2209 delivered a stronger 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 NARWEE, 2209 values up and netting property investors a capital gain of 15.56% for the past year.
Investors saw the median home price rise to $1,100,000.
Profits due to an upward trend in home prices in the suburb averaged 1.49% per annum over a 3-year period.
NARWEE now ranks at the 81st 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 NARWEE 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 $590 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 NARWEE, homes and units usually stay on listing for an average of 48.9 days.
In 2016, 25 properties were sold in NARWEE during the past year, making it the 757th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | $683,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.28% | 14.65% |
| Median 12 month | 15.56% | 36.6% |
| Median 3 years | 4.46% | 20.88% |
| Median 5 years | 8.91% | 23.73% |
| 10 years average annual | 7.13% | 10.37% |
| Weekly media advert. rent | $590 | $400 |
| Time on Market | 48.9 days | 84.5 days |
| Gross Rental Yield Percent | 2.79% | 3.05% |
Melbourne’s reopening has been met with plenty of property fanfare: Here are the biggest property stories from this week. ...
Despite facing lockdowns and an election, New Zealand property is moving from strength to strength, with a researcher tipping the Australian...
Housing affordability will continue to improve moderately over the next 12 months because of low mortgage interest rates and lower housing p...
Queensland has started recovering from the effects of the COVID-19 pandemic, with the regional rental markets leading the charge. ...
The race that stops the nation won’t be stopping a large number of homes from going under the hammer in Victoria this week. ...
A keen property investor has spoken out about how his purchase in the Hobart market kicked off the start of a successful portfolio. ...
Get notifications in real-time for staying up to date with content that matters to you.
