How property investors can avoid costing themselves thousands
Ahead of the 31 October deadline for lodging tax returns, property investors are being warned to not leave thousands of dollars in the ...
Property investors enjoyed capital gains of 7.62% over the last 12 months in CRONULLA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CRONULLA 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 $850 based on current median home prices for the suburb.
On average, rents on listings have reached the $850 mark, reflecting a 1.96% increase in returns based on the current median price in CRONULLA.
CRONULLA, 2230 ranks 478th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1112th on the list of best yielding suburbs for rental properties in NSW, posting a 1.96% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,260,000 | $851,000 |
| GROWTH REPORT | ||
| Median Quarterly | 13% | 3.78% |
| Median 12 month | 7.62% | 2.41% |
| Median 3 years | -1.85% | -2.18% |
| Median 5 years | 34.93% | 27.01% |
| 10 years average annual | 6.38% | 7% |
| Weekly media advert. rent | $850 | $475 |
| Time on Market | 89.6 days | 58.3 days |
| Gross Rental Yield Percent | 1.96% | 2.9% |
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