How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
KILLCARE, 2257 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling KILLCARE, 2257 values up and netting property investors a capital gain of 6.15% for the past year.
Investors saw the median home price rise to $1,200,000.
Profits due to an upward trend in home prices in the suburb averaged 14.29% per annum over a 3-year period.
KILLCARE now ranks at the 1305th 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 KILLCARE are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KILLCARE, homes and units usually stay on listing for an average of 36.6 days.
In 2016, 24 properties were sold in KILLCARE during the past year, making it the 805th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,200,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -17.81% | N/A |
| Median 12 month | 6.15% | N/A |
| Median 3 years | 42.86% | N/A |
| Median 5 years | 41.18% | N/A |
| 10 years average annual | 6.47% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 36.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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