The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
Property investors have seen a -0.18% drop in WYEE based on a decrease 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 $563,000
Profits averaged 0.18% 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 $390 based on current median home prices for the suburb.
The gross rental yield in WYEE, 2259 is 3.6%.
An average of 3.58 real estate transactions take place per month in WYEE which translates to 43 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $563,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.18% | N/A |
| Median 12 month | -2.93% | N/A |
| Median 3 years | 0.54% | N/A |
| Median 5 years | 48.16% | N/A |
| 10 years average annual | 7.93% | N/A |
| Weekly media advert. rent | $390 | N/A |
| Time on Market | 105.5 days | N/A |
| Gross Rental Yield Percent | 3.6% | N/A |
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