House prices could jump 30% on the back of low interest rates, RBA hints
According to new documents released from the Reserve Bank of Australia, persistently low interest rates could push up property prices by as ...
Property investors have seen a 7.88% gain in CARRINGTON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CARRINGTON, 2294 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.42%.
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 $660,750
Profits averaged 2.77% 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 3.62%.
An average of 3.5 real estate transactions take place per month in CARRINGTON which translates to 42 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,750 | $590,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.88% | N/A |
| Median 12 month | 14.42% | N/A |
| Median 3 years | 8.32% | -5.68% |
| Median 5 years | 43.64% | 8.26% |
| 10 years average annual | 8.1% | 7.42% |
| Weekly media advert. rent | $460 | $450 |
| Time on Market | 57.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.62% | 3.97% |
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