New bank hits the market, set to offer home loans
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
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 $685,000.
The upward trend in home prices in MARDI, 2259 averaged 6.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $485 mark, reflecting a 3.68% increase in returns based on the current median price in MARDI.
An average of 6.08 real estate transactions take place per month in MARDI which translates to 73 per annum.
73 properties were sold in MARDI in 2016, making it the 161st most active market in NSW based on total real estate transactions.
MARDI, 2259 places 263rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,000 | $439,750 |
| GROWTH REPORT | ||
| Median Quarterly | 2.54% | 1.68% |
| Median 12 month | 6.2% | 2.75% |
| Median 3 years | 20.18% | 23.87% |
| Median 5 years | 57.47% | 17.27% |
| 10 years average annual | 7.18% | 8.61% |
| Weekly media advert. rent | $485 | $390 |
| Time on Market | 53.1 days | 61.2 days |
| Gross Rental Yield Percent | 3.68% | 4.61% |
One lender has been granted a full banking licence in Australia, and is eyeing the home loan market. ...
One of the big four banks has updated its forecasts for the housing market, and when it expects that the downward cycle will hit its floor....
A growing number of Australians have got mortgages, despite what the home ownership figures are showing, according to fresh data from the Au...
One buyer’s agent is “constantly amazed” by the ongoing misconceptions in property investment about the underlying economics that dic...
New data has shown the most in demand suburbs in Australia, as buyers look to capitalise on ongoing price declines. ...
In response to APRA easing its guidelines on loan serviceability, two non-major banks have changed their mortgage serviceability assessmen...
Get notifications in real-time for staying up to date with content that matters to you.