How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $640,000.
The upward trend in home prices in NELSON BAY, 2315 averaged 12.54% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.66% increase in returns based on the current median price in NELSON BAY.
An average of 11.92 real estate transactions take place per month in NELSON BAY which translates to 143 per annum.
143 properties were sold in NELSON BAY in 2016, making it the 1181st most active market in NSW based on total real estate transactions.
NELSON BAY, 2315 places 1118th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $640,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.19% | 2.82% |
| Median 12 month | 4.07% | -1.41% |
| Median 3 years | 37.63% | 27.47% |
| Median 5 years | 56.1% | 42.37% |
| 10 years average annual | 4.86% | 2.34% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 73.6 days | 85.8 days |
| Gross Rental Yield Percent | 3.66% | 4.33% |
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
A new report has been released by the prudential regulator that analyses how major banks view their own actions, and there’s certainly roo...
New data has been released that reveals how consumer sentiment has trended following the first three months of the year, which contained man...
Investor Arjun Paliwal considers the only commercial property in his nine-property portfolio as his second-most successful investment in ove...
Housing affordability has seen a rapid improvement over the March quarter, with one association labelling it the fastest improvement since 2...
After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...
Get notifications in real-time for staying up to date with content that matters to you.