Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Property investors enjoyed capital gains of 1.42% over the last 12 months in RANKIN PARK, 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 5.61% growth over a ten-year period. It ranks 1327th on our list of suburbs that property investors should look into.
RANKIN PARK, 2287 has a capital gain of 1.42% for the past year, which is lower than average compared to its 27.85% growth within a five-year period.
With the median home price in RANKIN PARK sitting at $606,000, and the average rent at $485, property owners could potentially earn a 4.16% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RANKIN PARK are low, as opposed to average gains per annum over the past five years.
RANKIN PARK, 2287 in NSW belongs to the local government area of Newcastle (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $606,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1% | N/A |
| Median 12 month | 1.42% | N/A |
| Median 3 years | 17.67% | N/A |
| Median 5 years | 27.85% | N/A |
| 10 years average annual | 5.61% | N/A |
| Weekly media advert. rent | $485 | N/A |
| Time on Market | 30.4 days | N/A |
| Gross Rental Yield Percent | 4.16% | N/A |
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property ...
The Real Estate Institute of Australia has welcomed an announcement by the Australian Banking Association to implement a new phase of suppor...
The Queensland property market has been dubbed “better than expected” as it continues to remain resilient amid the effects of the COVID-...
Australia has reached a new crossroad when it comes to the COVID-19 crisis, both for health and economic reasons: Here are the biggest prope...
Nearly half of home-buying Millennials believe the COVID-19 situation has actually made home ownership a more achievable goal. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
