Tax deductions you can claim on your investment property
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...
Homeowners and real estate investors betting on SUMMERLAND POINT, 2259 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.15%.
A steady increase in median property prices over a five-year period in the suburb translates to a -0.67% capital gain.
Property investors in SUMMERLAND POINT enjoyed capital gains of 10.15% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $556,250.
Profits due to an downward trend in home prices there averaged -0.22% per annum over a 3-year period.
Home owners selling their properties and realtors in SUMMERLAND POINT usually have to wait an average of 71.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $422.5 mark, reflecting a 3.95% increase in returns based on the current median price in SUMMERLAND POINT.
SUMMERLAND POINT, 2259 places 61st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $556,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 13.52% | N/A |
| Median 12 month | 10.15% | N/A |
| Median 3 years | -0.67% | N/A |
| Median 5 years | 43.36% | N/A |
| 10 years average annual | 6.78% | N/A |
| Weekly media advert. rent | $422.5 | N/A |
| Time on Market | 71.0 days | N/A |
| Gross Rental Yield Percent | 3.95% | N/A |
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...
Apartment rents have fallen off a cliff in Sydney and Melbourne, on the back of collapsing demand among internationals students and migrants...
The value of directly held assets by shopping mall owner Vicinity Centres contracted by $570 million on the back of the pandemic’s hammer ...
Despite a COVID-induced economic downturn, real estate remained resilient, ultimately emerging as one of the most in-demand jobs markets in ...
Australians looking to take advantage of record-low interest rates are unlikely to speak with their bank, but have a high level of trust in ...
The RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segme...
Get notifications in real-time for staying up to date with content that matters to you.
