Why Turning To Accountants To Shore Up Rental Applications Could Be Problematic
Accountants are increasingly being pressured to provide capacity to repay statements, as real estate agents and landlord...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,264,000.
The downward trend in home prices in GYMEA, 2227 averaged -0.42% per annum over a 3-year period.
Average weekly rents on listings have reached the $717.5 mark, reflecting a 2.95% increase in returns based on the current median price in GYMEA.
An average of 6.92 real estate transactions take place per month in GYMEA which translates to 83 per annum.
83 properties were sold in GYMEA in 2016, making it the 106th most active market in NSW based on total real estate transactions.
GYMEA, 2227 places 796th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.03%||0.14%|
|Median 3 years||-1.25%||-1.75%|
|Median 5 years||18.13%||12.54%|
|10 years average annual||6.28%||4.56%|
|Weekly media advert. rent||$717.5||$500|
|Time on Market||49.9 days||56.6 days|
|Gross Rental Yield Percent||2.95%||3.31%|