‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a 0% 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 $495,000
Profits averaged 13.21% 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 3.78%.
An average of 7.5 real estate transactions take place per month in BUDGEWOI which translates to 90 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $495,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 4.21% | N/A |
| Median 3 years | 39.63% | N/A |
| Median 5 years | 62.96% | N/A |
| 10 years average annual | 6.8% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 44.1 days | N/A |
| Gross Rental Yield Percent | 3.78% | N/A |
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