Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a -11.1% drop in ROCKDALE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ROCKDALE, 2216 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 $1,085,000
Profits averaged -2.81% per annum over a 3-year period, due to an downward trend in home prices in ROCKDALE, 2216.
This means, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
The gross rental yield in ROCKDALE, 2216 is 3.02%.
An average of 5.67 real estate transactions take place per month in ROCKDALE which translates to 68 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,085,000 | $647,000 |
| GROWTH REPORT | ||
| Median Quarterly | -11.1% | -0.15% |
| Median 12 month | -19.51% | -3.43% |
| Median 3 years | -8.44% | 2.7% |
| Median 5 years | 47.62% | 31.64% |
| 10 years average annual | 8.6% | 6.32% |
| Weekly media advert. rent | $630 | $550 |
| Time on Market | 88.9 days | 61.7 days |
| Gross Rental Yield Percent | 3.02% | 4.42% |
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