Perth market conditions at 5-year high for buyers
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
Property investments in AVOCA BEACH did not fare well against the rest of the country last year, registering a median home price decrease of 8.57%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains AVOCA BEACH, 2251 saw average growth in the long term.
Real estate investors could earn a rental income of $580 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 44.6 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $950,000.
AVOCA BEACH ranks 761st on the list of best yielding suburbs for rental properties in NSW, posting a 3.17% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $950,000 | $773,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.88% | -7.67% |
| Median 12 month | 8.57% | -1.75% |
| Median 3 years | 32.87% | 32.26% |
| Median 5 years | 58.33% | 36.22% |
| 10 years average annual | 7.08% | 0.46% |
| Weekly media advert. rent | $580 | $510 |
| Time on Market | 44.6 days | 74.2 days |
| Gross Rental Yield Percent | 3.17% | 3.43% |
A new index has found conditions in the Western Australian capital city are the best they’ve ever been for the last five years. ...
Researchers at a top Australian university have revealed the future of building materials looks set to lie in household waste which could be...
The festive season is here, and with it the possibility that your rental property will be damaged. From parties, to tenants putting up decor...
Despite the softening of the property market following the end of the boom in Sydney and Melbourne, Right Property Group’s Steve Waters be...
With the announcement that the banking regulator has removed the 30 per cent new lending cap on interest-only loans, we spoke to property ex...
The banking regulator is set to remove its caps on interest-only lending, a move which is tipped to open property investors to more choice o...