Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
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.
This number can mean, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
On average, rents on listings have reached the $440 mark, reflecting a 4.16% increase in returns based on the current median price in MAYFIELD WEST.
MAYFIELD WEST, 2304 ranks 530th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 384th on the list of best yielding suburbs for rental properties in NSW, posting a 4.16% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $237,317 |
| GROWTH REPORT | ||
| Median Quarterly | -4.35% | 14.37% |
| Median 12 month | -3.59% | -24.01% |
| Median 3 years | 26.44% | N/A |
| Median 5 years | 41.03% | N/A |
| 10 years average annual | 6.66% | -32.26% |
| Weekly media advert. rent | $440 | $340 |
| Time on Market | 71.3 days | 0.0 days |
| Gross Rental Yield Percent | 4.16% | 7.45% |
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