The property ‘cliff’: Will property prices fall from September?
Amid unprecedented economic uncertainty, many of us are waiting with bated breath to determine what will happen to the property market in t...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.32% capital gain.
It 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 $495,000
The augmented property values in the suburb are trailing above the territorial average of 1.85% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $340.
Home owners selling their properties and realtors in JESMOND usually have to wait an average of 60.3 days days before their assets are lifted off the market.
The NSW suburb ranks 624th on the list of best yielding suburbs for rental properties in NSW, posting a 3.57% return.
It also places places 891st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $495,000 | $322,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.5% | 0.78% |
| Median 12 month | 2.06% | 0.78% |
| Median 3 years | 5.32% | -5.83% |
| Median 5 years | 26.92% | 5.65% |
| 10 years average annual | 4.72% | 4% |
| Weekly media advert. rent | $340 | $359 |
| Time on Market | 60.3 days | 66.9 days |
| Gross Rental Yield Percent | 3.57% | 5.79% |
Amid unprecedented economic uncertainty, many of us are waiting with bated breath to determine what will happen to the property market in t...
Industry experts have thrown their support behind a new tax proposal that could lead to the abolishment of stamp duty taxes. ...
Massive economic incentives and business recovery programs are likely to be tailwinds for an Australian capital city, according to new resea...
Investors in one-industry towns have been advised to take extreme caution as changes in market conditions can have a detrimental effect on ...
“It’s always hard” as an investor to decide between buying for lifestyle and buying for pure investment potential, according to a prop...
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
