Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
NIAGARA PARK, 2250 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $595,000.
Profits due to an upward trend in home prices in the suburb averaged 8.33% per annum over a 3-year period.
NIAGARA PARK now ranks at the 768th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NIAGARA PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $450 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NIAGARA PARK, homes and units usually stay on listing for an average of 51.1 days.
In 2016, 43 properties were sold in NIAGARA PARK during the past year, making it the 468th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.94% | N/A |
| Median 12 month | -2.3% | N/A |
| Median 3 years | 25% | N/A |
| Median 5 years | 67.37% | N/A |
| 10 years average annual | 7.48% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 51.1 days | N/A |
| Gross Rental Yield Percent | 3.93% | N/A |
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