Investors advised to review credit options amid health crisis
Amid the ongoing health crisis, mortgage brokers across Australia are urging home owners and investors to consider their credit options. ...
NARWEE, 2209 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 $990,000.
Profits due to an downward trend in home prices in the suburb averaged -1.9% per annum over a 3-year period.
NARWEE now ranks at the 262nd 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 $582.5 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 101.4 days.
In 2016, 34 properties were sold in NARWEE during the past year, making it the 587th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $990,000 | $572,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.54% | 13.93% |
| Median 12 month | 0% | -2.97% |
| Median 3 years | -5.71% | -9.49% |
| Median 5 years | 7.32% | 7.16% |
| 10 years average annual | 6.59% | 7.72% |
| Weekly media advert. rent | $582.5 | $420 |
| Time on Market | 101.4 days | 61.8 days |
| Gross Rental Yield Percent | 3.06% | 3.81% |
Amid the ongoing health crisis, mortgage brokers across Australia are urging home owners and investors to consider their credit options. ...
As investors face uncertainties amid the ongoing health crisis, Western Australians investors ask: will the recovering property market of Pe...
Mum and dad investors are just as vulnerable as their tenants if a blanket eviction ban fails to consider property owners as well, according...
An industry body has hit back at the “fundamentally flawed” notion that the NSW government could legislate to remove the obligation of t...
With the COVID-19 pandemic triggering a global financial crisis, investors’ circumstances are shifting dramatically, leaving those who wer...
Despite current uncertainties, experts assure Australians that the national economy has the key fundamentals in place to make a strong recov...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
