Housing costs drop to 10-year low
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
Property investors have seen a 0% gain in WYEE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WYEE, 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 $575,000
Profits averaged 5% per annum over a 3-year period, due to an upward trend in home prices in WYEE, 2259.
This means, real estate investors could earn a rental income of $382.5 based on current median home prices for the suburb.
The gross rental yield in WYEE, 2259 is 3.46%.
An average of 2.08 real estate transactions take place per month in WYEE which translates to 25 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -1.29% | N/A |
| Median 3 years | 15% | N/A |
| Median 5 years | 21.05% | N/A |
| 10 years average annual | 7.94% | N/A |
| Weekly media advert. rent | $382.5 | N/A |
| Time on Market | 111.3 days | N/A |
| Gross Rental Yield Percent | 3.46% | N/A |
Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research. ...
New analysis by Propertyology has identified the capital cities where changing rental markets are prospering – and where they aren’t. ...
Upcoming auction activity is forecast to increase across the combined capital cities this weekend. What will be the busiest suburbs? ...
New figures showing Queensland has the highest unemployment rate will undermine property investment confidence in the sunshine state, accord...
A growing number of regions are reporting rental prices that are on par with mortgage repayments, reigniting the age-old question of whether...
Property investment is one of the biggest financial commitments anyone can make. As such, aspiring investors must be equipped with the knowl...
Get notifications in real-time for staying up to date with content that matters to you.