Registration cancelled for dodgy builder
Property investors have been given a timely reminder to check the credentials of their builders following reports of falsifying claims. ...
Property investors have seen a -2.87% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $592,500
Profits averaged 10.56% 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 $450 based on current median home prices for the suburb.
The gross rental yield in CARRINGTON, 2294 is 3.95%.
An average of 2.67 real estate transactions take place per month in CARRINGTON which translates to 32 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $592,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.87% | N/A |
| Median 12 month | -15.66% | N/A |
| Median 3 years | 31.67% | N/A |
| Median 5 years | 38.43% | N/A |
| 10 years average annual | 8.12% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 75.0 days | N/A |
| Gross Rental Yield Percent | 3.95% | N/A |
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