Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Property investors enjoyed capital gains of 8.33% 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 $580 based on current median home prices for the suburb.
On average, rents on listings have reached the $580 mark, reflecting a 2.65% increase in returns based on the current median price in BANKSIA.
BANKSIA, 2216 ranks 601st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 867th on the list of best yielding suburbs for rental properties in NSW, posting a 2.65% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,137,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.88% | N/A |
| Median 12 month | 8.33% | N/A |
| Median 3 years | -6.26% | N/A |
| Median 5 years | -0.12% | N/A |
| 10 years average annual | 6.92% | N/A |
| Weekly media advert. rent | $580 | N/A |
| Time on Market | 41.5 days | N/A |
| Gross Rental Yield Percent | 2.65% | N/A |
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