How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Property investors have seen a -5.94% drop in CARRINGTON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 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 $665,000
Profits averaged 14.86% per annum over a 3-year period, due to an upward trend in home prices in CARRINGTON, 2294.
This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
The gross rental yield in CARRINGTON, 2294 is 3.6%.
An average of 3 real estate transactions take place per month in CARRINGTON which translates to 36 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $665,000 | $795,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.94% | 0% |
| Median 12 month | 6.4% | 27.66% |
| Median 3 years | 44.57% | 48.04% |
| Median 5 years | 75% | 84.03% |
| 10 years average annual | 9.86% | 7.19% |
| Weekly media advert. rent | $460 | $470 |
| Time on Market | 54.0 days | 62.8 days |
| Gross Rental Yield Percent | 3.6% | 3.07% |
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