Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Property investors have seen a 5% gain in ROCKDALE based on an increase 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 $1,155,000
Profits averaged -1.9% 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 $640 based on current median home prices for the suburb.
The gross rental yield in ROCKDALE, 2216 is 2.88%.
An average of 3.33 real estate transactions take place per month in ROCKDALE which translates to 40 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,155,000 | $633,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5% | 0.56% |
| Median 12 month | 9.48% | -1.78% |
| Median 3 years | -5.71% | -1.93% |
| Median 5 years | 18.95% | 9.6% |
| 10 years average annual | 7.5% | 5.24% |
| Weekly media advert. rent | $640 | $530 |
| Time on Market | 0.0 days | 68.5 days |
| Gross Rental Yield Percent | 2.88% | 4.35% |
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