Property buyers warned on hasty decisions with HomeBuilder grant
Property buyers looking to cash in on the HomeBuilder grant should proceed with caution, with uncertainty around building costs and job secu...
Property investors enjoyed capital gains of 5.58% over the last 12 months in BANKSIA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in BANKSIA are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
On average, rents on listings have reached the $650 mark, reflecting a 3.11% increase in returns based on the current median price in BANKSIA.
BANKSIA, 2216 ranks 395th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 870th on the list of best yielding suburbs for rental properties in NSW, posting a 3.11% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,087,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.79% | N/A |
| Median 12 month | 5.58% | N/A |
| Median 3 years | -1.18% | N/A |
| Median 5 years | 25% | N/A |
| 10 years average annual | 8.07% | N/A |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 46.5 days | N/A |
| Gross Rental Yield Percent | 3.11% | N/A |
Property buyers looking to cash in on the HomeBuilder grant should proceed with caution, with uncertainty around building costs and job secu...
Home owners have been advised to be cautious of faulty work on their properties as an electrician was fined $27,000 for a wiring error in W...
Real estate agents’ review website RateMyAgent has launched its new Agent Recognition feature designed to help agents build trust, c...
Clarity has been received for people looking to move house in Victoria as the number of cases continues to climb. ...
Preliminary data is suggesting that the HomeBuilder scheme is doing what it was intended to do – secure jobs and inject confidence back in...
Preliminary auction clearance rates being tracked by CoreLogic show varied results across each capital city for the week concluding 12 July...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
