Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
Property investors have seen a -0.68% drop in MAYFIELD EAST based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MAYFIELD EAST, 2304 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 $627,500
Profits averaged 17.07% per annum over a 3-year period, due to an upward trend in home prices in MAYFIELD EAST, 2304.
This means, real estate investors could earn a rental income of $425 based on current median home prices for the suburb.
The gross rental yield in MAYFIELD EAST, 2304 is 3.52%.
An average of 4.25 real estate transactions take place per month in MAYFIELD EAST which translates to 51 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $627,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.68% | N/A |
| Median 12 month | 5.19% | N/A |
| Median 3 years | 51.2% | N/A |
| Median 5 years | 68.86% | N/A |
| 10 years average annual | 8.01% | N/A |
| Weekly media advert. rent | $425 | N/A |
| Time on Market | 38.3 days | N/A |
| Gross Rental Yield Percent | 3.52% | N/A |
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