ASIC bans short-term lending model
The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has found, causes “s...
Property investors enjoyed capital gains of 16.26% over the last 12 months in WEST WALLSEND, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.96% growth over a ten-year period. It ranks 528th on our list of suburbs that property investors should look into.
WEST WALLSEND, 2286 has a capital gain of 16.26% for the past year, which is higher than average compared to its 70.65% growth within a five-year period.
With the median home price in WEST WALLSEND sitting at $529,000, and the average rent at $450, property owners could potentially earn a 4.42% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WEST WALLSEND are low, as opposed to average gains per annum over the past five years.
WEST WALLSEND, 2286 in NSW belongs to the local government area of Lake Macquarie (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $529,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.22% | N/A |
| Median 12 month | 16.26% | N/A |
| Median 3 years | 41.07% | N/A |
| Median 5 years | 70.65% | N/A |
| 10 years average annual | 7.96% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 61.8 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
The corporate regulator has used its product intervention powers to prohibit a model of short-term lending, which, it has found, causes “s...
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Brisbane, along with Melbourne, has recently replaced Sydney as the “bell of the property ball”. Find out how investors can maximise wea...
The rebound in housing market conditions will be “far more constrained” than recent data has suggested, according to analysts. ...
The overall share of new home loans approved with an LVR of over 80 per cent has increased, according to the latest APRA data. ...
A misalignment of supply and demand is set to spur property price growth of up to 20 per cent in the coming years, according to new research...
Get notifications in real-time for staying up to date with content that matters to you.