Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Property investors enjoyed capital gains of 0.55% over the last 12 months in DORA CREEK, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in DORA CREEK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 3.41% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
On average, rents on listings have reached the $410 mark, reflecting a 3.35% increase in returns based on the current median price in DORA CREEK.
DORA CREEK, 2264 ranks 1173rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 575th on the list of best yielding suburbs for rental properties in NSW, posting a 3.35% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.55%||N/A|
|Median 3 years||3.41%||N/A|
|Median 5 years||48.25%||N/A|
|10 years average annual||6.01%||N/A|
|Weekly media advert. rent||$410||N/A|
|Time on Market||76.7 days||N/A|
|Gross Rental Yield Percent||3.35%||N/A|