Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
Subscribe to our newsletter
Based on its average 5-year and quarterly capital gains CAREY BAY, 2283 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that CAREY BAY, 2283 obtained a 11.7% growth over a ten-year period. It ranks 3017th on our list of suburbs that property investors should look into.
CAREY BAY, 2283 in NSW belongs to the local government area of Lake Macquarie (C).
With the median home price in CAREY BAY sitting at $505,000, and the average rent at $470, property owners could potentially earn a 4.84% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CAREY BAY are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $505,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.54% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 14.77% | N/A |
| Median 5 years | 27.85% | N/A |
| 10 years average annual | 11.7% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 81.9 days | N/A |
| Gross Rental Yield Percent | 4.84% | N/A |
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
