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 -7.5% drop in MEREWETHER HEIGHTS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MEREWETHER HEIGHTS, 2291 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $925,000
Profits averaged 7.58% per annum over a 3-year period, due to an upward trend in home prices in MEREWETHER HEIGHTS, 2291.
This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 4.22%.
An average of 1.42 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 17 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $925,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.5% | N/A |
| Median 12 month | -6.33% | N/A |
| Median 3 years | 22.74% | N/A |
| Median 5 years | 22.76% | N/A |
| 10 years average annual | 6.12% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 25.4 days | N/A |
| Gross Rental Yield Percent | 4.22% | N/A |
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