Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Property investors enjoyed capital gains of 5.45% over the last 12 months in MAYFIELD WEST, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in MAYFIELD WEST are low, as opposed to average gains per annum over the past five years.
The suburb posted a 11.75% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $445 based on current median home prices for the suburb.
On average, rents on listings have reached the $445 mark, reflecting a 3.99% increase in returns based on the current median price in MAYFIELD WEST.
MAYFIELD WEST, 2304 ranks 787th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 339th on the list of best yielding suburbs for rental properties in NSW, posting a 3.99% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $256,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.45% | 8.25% |
| Median 12 month | 5.45% | 4.04% |
| Median 3 years | 11.75% | -43.11% |
| Median 5 years | 38.1% | N/A |
| 10 years average annual | 6.31% | -15.97% |
| Weekly media advert. rent | $445 | $330 |
| Time on Market | 67.0 days | 0.0 days |
| Gross Rental Yield Percent | 3.99% | 6.7% |
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
Darwin’s rental market has emerged as the unlikely winner of 2020 following massive gains in the December quarter. ...
The total value of loan commitments for investor housing rose 6 per cent month-on-month to reach $5.6 billion in November last year, as the ...
Whether you’re a traveller or not, it’s most likely you’ve heard of Airbnb. The digital marketplace, which connects people who want to...
Having successfully shovelled millions into the local economy, the Northern Territory has extended its BuildBonus scheme to 31 March 2021, w...
Despite the headwinds of 2020, Victoria and Tasmania capped off the year with not one but two record months for home sales. ...
Get notifications in real-time for staying up to date with content that matters to you.
