Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors enjoyed capital gains of 0.08% 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 5.87% growth over a ten-year period. It ranks 1420th on our list of suburbs that property investors should look into.
RANKIN PARK, 2287 has a capital gain of 0.08% for the past year, which is lower than average compared to its 37.77% growth within a five-year period.
With the median home price in RANKIN PARK sitting at $600,000, and the average rent at $480, 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 | $600,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.51% | N/A |
| Median 12 month | 0.08% | N/A |
| Median 3 years | 30.43% | N/A |
| Median 5 years | 37.77% | N/A |
| 10 years average annual | 5.87% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 31.6 days | N/A |
| Gross Rental Yield Percent | 4.16% | N/A |
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...
One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...
Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...
Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...
Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...