Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
A steady increase in median property prices over a five-year period in the suburb translates to a 18.6% capital gain.
It 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 $510,000
The augmented property values in the suburb are trailing above the territorial average of 0.59% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $450.
Home owners selling their properties and realtors in THORNTON usually have to wait an average of 48.0 days days before their assets are lifted off the market.
The NSW suburb ranks 227th on the list of best yielding suburbs for rental properties in NSW, posting a 4.59% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | $402,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -5.07% |
| Median 12 month | 2.82% | -6.18% |
| Median 3 years | 18.6% | 37.84% |
| Median 5 years | 32.12% | 45.97% |
| 10 years average annual | 4.83% | 7.23% |
| Weekly media advert. rent | $450 | $410 |
| Time on Market | 48.0 days | 61.0 days |
| Gross Rental Yield Percent | 4.59% | 5.3% |
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
An examination of ABS data has found a rising trend of taller apartment buildings, providing an insight into what Australia’s future unit ...
New transport infrastructure spending is set to benefit one coastal suburb in Western Australia, which has been labelled one of the best sub...
Going into a market that is yet to fully recover could pose a risk, but there are strong opportunities in one recovering capital city, accor...
Experts believe that Labor’s proposal to change tax policies can cause significant impact to the property market. How can investors prepar...
The results of a new report show that Melbourne suburbs were quite prominent in the country’s top hotspots for building approvals and popu...