First Home Buyers Required To Save For Longer As Prices Soar
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Property investors have seen a 2.49% gain in MILPERRA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MILPERRA, 2214 saw average growth in the long term.
The NSW suburb also 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 $907,000
Profits averaged -0.29% per annum over a 3-year period, due to an downward trend in home prices in MILPERRA, 2214.
This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.
The gross rental yield in MILPERRA, 2214 is 3.33%.
An average of 4.83 real estate transactions take place per month in MILPERRA which translates to 58 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.47%||N/A|
|Median 3 years||-0.87%||N/A|
|Median 5 years||9.87%||N/A|
|10 years average annual||5.53%||N/A|
|Weekly media advert. rent||$580||N/A|
|Time on Market||51.6 days||N/A|
|Gross Rental Yield Percent||3.33%||N/A|