What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
Property investors have seen a -3.12% 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 $419,000
Profits averaged 2.14% 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 $360 based on current median home prices for the suburb.
The gross rental yield in BIRMINGHAM GARDENS, 2287 is 4.47%.
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 | $419,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.12% | N/A |
| Median 12 month | -11.04% | N/A |
| Median 3 years | 6.41% | N/A |
| Median 5 years | 4.1% | N/A |
| 10 years average annual | 4.99% | N/A |
| Weekly media advert. rent | $360 | N/A |
| Time on Market | 52.1 days | N/A |
| Gross Rental Yield Percent | 4.47% | N/A |
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