Property Investors Locking-in Their Gains While Rental Yields Are ‘historically’ High
Data suggests that investors are moving to consolidate their profits while they can. ...
Property investors have seen a 1.89% gain in BALCOLYN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BALCOLYN, 2264 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 $540,000
Profits averaged 4.36% per annum over a 3-year period, due to an upward trend in home prices in BALCOLYN, 2264.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in BALCOLYN, 2264 is 4.14%.
An average of 1.92 real estate transactions take place per month in BALCOLYN which translates to 23 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-1.82%||N/A|
|Median 3 years||13.09%||N/A|
|Median 5 years||28.57%||N/A|
|10 years average annual||4.19%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||68.2 days||N/A|
|Gross Rental Yield Percent||4.14%||N/A|