Rental moratorium extension to create ‘perfect storm’ for mum and dad investors
The NSW government’s decision to extend its rental moratorium has been hit with criticism, with flow-on effects set to severely impact mum...
THE ENTRANCE NORTH, 2261 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling THE ENTRANCE NORTH, 2261 values up and netting property investors a capital gain of 1.47% for the past year.
Investors saw the median home price rise to $760,000.
Profits due to an downward trend in home prices in the suburb averaged -1.16% per annum over a 3-year period.
THE ENTRANCE NORTH now ranks at the 167th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in THE ENTRANCE NORTH are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $465 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In THE ENTRANCE NORTH, homes and units usually stay on listing for an average of 45.1 days.
In 2016, 18 properties were sold in THE ENTRANCE NORTH during the past year, making it the 959th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $760,000 | $515,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.56% | -0.96% |
| Median 12 month | 1.47% | 4.04% |
| Median 3 years | -3.49% | 7.29% |
| Median 5 years | 14.8% | 59.69% |
| 10 years average annual | 6.75% | 8.97% |
| Weekly media advert. rent | $465 | $360 |
| Time on Market | 45.1 days | 82.3 days |
| Gross Rental Yield Percent | 3.18% | 3.63% |
The NSW government’s decision to extend its rental moratorium has been hit with criticism, with flow-on effects set to severely impact mum...
Master Builders Australia has said that recent lending changes are set to provide a big boost for home ownership and bolster economic recov...
Housing affordability pressures have intensified for first home buyers in five of Australia’s major capitals, who now require more time to...
Wealthi investment director Stephanie Davies has acknowledged that we’re seeing a lot of markets retracting and property values taking a d...
There’s no shortage of information in the media speculating on the state of the Australian property market, but Right Property Group’s V...
The number of homes expected to go under the hammer across the combined capital cities is expected to rise 24 per cent week-on-week. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment