House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Property investors have seen a 0% gain in BANGOR based on an increase 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 $1,160,000
Profits averaged 9.92% 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 $780 based on current median home prices for the suburb.
The gross rental yield in BANGOR, 2234 is 3.5%.
An average of 5.17 real estate transactions take place per month in BANGOR which translates to 62 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,160,000 | $880,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.85% |
| Median 12 month | 1.09% | 2.68% |
| Median 3 years | 29.75% | 25.98% |
| Median 5 years | 60.89% | 40.8% |
| 10 years average annual | 7.59% | 7.51% |
| Weekly media advert. rent | $780 | N/A |
| Time on Market | 49.9 days | 35.0 days |
| Gross Rental Yield Percent | 3.5% | N/A |
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