Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a 0% gain in LAKE MUNMORAH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LAKE MUNMORAH, 2259 saw average growth in the long term.
The NSW suburb also 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 $516,000
Profits averaged 11.05% per annum over a 3-year period, due to an upward trend in home prices in LAKE MUNMORAH, 2259.
This means, real estate investors could earn a rental income of $417.5 based on current median home prices for the suburb.
The gross rental yield in LAKE MUNMORAH, 2259 is 4.21%.
An average of 10.75 real estate transactions take place per month in LAKE MUNMORAH which translates to 129 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $516,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 6.39% | N/A |
| Median 3 years | 33.16% | N/A |
| Median 5 years | 61.25% | N/A |
| 10 years average annual | 7.43% | N/A |
| Weekly media advert. rent | $417.5 | N/A |
| Time on Market | 70.0 days | N/A |
| Gross Rental Yield Percent | 4.21% | N/A |
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