New supply needed to make way for population growth
The release of new data by the ABS about an increase in Australia’s population highlights the need for further supply to be built, accordi...
Property investors have seen a 2% gain in BUDGEWOI based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BUDGEWOI, 2262 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 $510,000
Profits averaged 10.94% per annum over a 3-year period, due to an upward trend in home prices in BUDGEWOI, 2262.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in BUDGEWOI, 2262 is 3.67%.
An average of 8.67 real estate transactions take place per month in BUDGEWOI which translates to 104 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2% | N/A |
| Median 12 month | 4.08% | N/A |
| Median 3 years | 32.81% | N/A |
| Median 5 years | 72.88% | N/A |
| 10 years average annual | 7.01% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 53.0 days | N/A |
| Gross Rental Yield Percent | 3.67% | N/A |
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