Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
The suburb’s capital gain of -4.52% for the past year is lower than average compared to its 47.52% growth within a five-year period.
Also in HEATHCOTE, the median home price is sitting at $950,000, and the average rent at $650, this suggests property owners could potentially earn a 3.56% increase in gross rental yield.
Property investors have seen a -2.06% drop in HEATHCOTE based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.02% growth over a ten-year period. It ranks 1032nd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $950,000 | $720,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.06% | -0.69% |
| Median 12 month | -4.52% | -9.43% |
| Median 3 years | 7.34% | 10.77% |
| Median 5 years | 47.52% | 38.73% |
| 10 years average annual | 7.02% | 7.38% |
| Weekly media advert. rent | $650 | $535 |
| Time on Market | 48.0 days | 42.0 days |
| Gross Rental Yield Percent | 3.56% | 3.86% |
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