Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
Based on its average 5-year and quarterly capital gains BROADMEADOW, 2292 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that BROADMEADOW, 2292 obtained a 6.3% growth over a ten-year period. It ranks 1212th on our list of suburbs that property investors should look into.
BROADMEADOW, 2292 in NSW belongs to the local government area of Newcastle.
BROADMEADOW, 2292 has a capital gain of 11.89% for the past year, which is higher than average compared to its 47.67% growth within a five-year period.
With the median home price in BROADMEADOW sitting at $635,000, and the average rent at $440, property owners could potentially earn a 3.6% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BROADMEADOW are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $635,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.78% | N/A |
| Median 12 month | 11.89% | N/A |
| Median 3 years | 44.32% | N/A |
| Median 5 years | 47.67% | N/A |
| 10 years average annual | 6.3% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 39.8 days | N/A |
| Gross Rental Yield Percent | 3.6% | N/A |
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