ATO to scrutinise short-term rentals this tax time
Investors with properties on short-term rental sites who didn’t see any income will be closely examined by the ATO this financial year, ac...
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 |
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