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 have seen a 2.8% 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 $1,082,500
Profits averaged -1.82% per annum over a 3-year period, due to an downward trend in home prices in BANGOR, 2234.
This means, real estate investors could earn a rental income of $705 based on current median home prices for the suburb.
The gross rental yield in BANGOR, 2234 is 3.39%.
An average of 4.5 real estate transactions take place per month in BANGOR which translates to 54 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,082,500 | $860,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.8% | 3.3% |
| Median 12 month | 9.29% | 17.01% |
| Median 3 years | -5.46% | 0.35% |
| Median 5 years | 21.49% | 23.12% |
| 10 years average annual | 5.63% | 5.97% |
| Weekly media advert. rent | $705 | $575 |
| Time on Market | 28.6 days | 0.0 days |
| Gross Rental Yield Percent | 3.39% | 3.48% |
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