Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $682,500.
The upward trend in home prices in MARDI, 2259 averaged 12.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.66% increase in returns based on the current median price in MARDI.
An average of 5.5 real estate transactions take place per month in MARDI which translates to 66 per annum.
66 properties were sold in MARDI in 2016, making it the 222nd most active market in NSW based on total real estate transactions.
MARDI, 2259 places 479th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $682,500 | $443,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.1% | 5.22% |
| Median 12 month | 7.48% | 7.65% |
| Median 3 years | 36.5% | 30.06% |
| Median 5 years | 64.46% | 77.4% |
| 10 years average annual | 6.58% | 8.65% |
| Weekly media advert. rent | $480 | $390 |
| Time on Market | 50.1 days | 69.3 days |
| Gross Rental Yield Percent | 3.66% | 4.57% |
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