How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Figures from the previous quarter show that capital gains for real estate buyers in BANKSIA are low, 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 3.22% increase in returns based on the current median price in BANKSIA.
BANKSIA, 2216 ranks 1347th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 808th on the list of best yielding suburbs for rental properties in NSW, posting a 3.22% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,048,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.66% | N/A |
| Median 12 month | -13.58% | N/A |
| Median 3 years | -10.74% | N/A |
| Median 5 years | 47.71% | N/A |
| 10 years average annual | 8.41% | N/A |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 63.0 days | N/A |
| Gross Rental Yield Percent | 3.22% | N/A |
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