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. ...
SOLDIERS POINT, 2317 ranks 1110th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.14% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $720,000.
The upward trend in home prices in SOLDIERS POINT, 2317 averaged 1.45% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.25% increase in returns based on the current median price in SOLDIERS POINT.
An average of 2.58 real estate transactions take place per month in SOLDIERS POINT which translates to 31 per annum.
31 properties were sold in SOLDIERS POINT in 2016, making it the 663rd most active market in NSW based on total real estate transactions.
SOLDIERS POINT, 2317 places 1239th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $720,000 | $701,250 |
| GROWTH REPORT | ||
| Median Quarterly | -7.99% | 16.88% |
| Median 12 month | 7.14% | 34.86% |
| Median 3 years | 4.35% | 27.5% |
| Median 5 years | 44.29% | 87% |
| 10 years average annual | 7.69% | 10.99% |
| Weekly media advert. rent | $450 | $380 |
| Time on Market | 56.3 days | 65.0 days |
| Gross Rental Yield Percent | 3.25% | 2.82% |
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