Schoolies season sparks warning to home owners
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Property investors have seen a -0.57% drop in BIRMINGHAM GARDENS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BIRMINGHAM GARDENS, 2287 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 $432,500
Profits averaged 2.26% per annum over a 3-year period, due to an upward trend in home prices in BIRMINGHAM GARDENS, 2287.
This means, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
The gross rental yield in BIRMINGHAM GARDENS, 2287 is 4.27%.
An average of 3.83 real estate transactions take place per month in BIRMINGHAM GARDENS which translates to 46 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $432,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.57% | N/A |
| Median 12 month | -10.5% | N/A |
| Median 3 years | 6.79% | N/A |
| Median 5 years | 5.75% | N/A |
| 10 years average annual | 5.36% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 49.0 days | N/A |
| Gross Rental Yield Percent | 4.27% | N/A |
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