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 ...
ALFORDS POINT, 2234 ranks 210th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.92% for property investors.
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 $1,335,000.
The upward trend in home prices in ALFORDS POINT, 2234 averaged 1.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.92% increase in returns based on the current median price in ALFORDS POINT.
An average of 2.75 real estate transactions take place per month in ALFORDS POINT which translates to 33 per annum.
33 properties were sold in ALFORDS POINT in 2016, making it the 618th most active market in NSW based on total real estate transactions.
ALFORDS POINT, 2234 places 134th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.05% | N/A |
| Median 12 month | 21.92% | N/A |
| Median 3 years | 3.69% | N/A |
| Median 5 years | 23.3% | N/A |
| 10 years average annual | 6.8% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 45.2 days | N/A |
| Gross Rental Yield Percent | 2.92% | N/A |
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