Property investment tip: Should investors spend extra on professional fees?
With the property market changing as a result of price declines and regulatory interventions, investors are advised, now more than ever, to ...
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Property investors have seen a -4.49% drop in BANGOR based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BANGOR, 2234 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 $1,100,000
Profits averaged 3.33% per annum over a 3-year period, due to an upward trend in home prices in BANGOR, 2234.
This means, real estate investors could earn a rental income of $777.5 based on current median home prices for the suburb.
The gross rental yield in BANGOR, 2234 is 3.68%.
An average of 5.92 real estate transactions take place per month in BANGOR which translates to 71 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | $822,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.49% | -3.8% |
| Median 12 month | -5.46% | -6.27% |
| Median 3 years | 10% | 8.58% |
| Median 5 years | 47.11% | 31.6% |
| 10 years average annual | 7.21% | 6.43% |
| Weekly media advert. rent | $777.5 | $655 |
| Time on Market | 54.2 days | 72.3 days |
| Gross Rental Yield Percent | 3.68% | 4.14% |
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