Schoolies season sparks warning to home owners
Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...
RAYMOND TERRACE, 2324 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 $390,000.
Profits due to an upward trend in home prices in the suburb averaged 4.35% per annum over a 3-year period.
RAYMOND TERRACE now ranks at the 343rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RAYMOND TERRACE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $370 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RAYMOND TERRACE, homes and units usually stay on listing for an average of 86.4 days.
In 2016, 210 properties were sold in RAYMOND TERRACE during the past year, making it the 852nd most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $390,000 | $282,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | -0.88% |
| Median 12 month | 0.78% | 0.89% |
| Median 3 years | 13.04% | 19.2% |
| Median 5 years | 33.91% | 26.4% |
| 10 years average annual | 4.42% | 4.53% |
| Weekly media advert. rent | $370 | $310 |
| Time on Market | 86.4 days | 63.2 days |
| Gross Rental Yield Percent | 4.93% | 5.71% |
Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...
Data from the Australian Bureau of Statistics on new housing credit has shown a sharp rise in the value of home loan commitments driven by a...
Property investors seek to grow portfolios with multiple properties, but what happens when they get limited access to financing after the fi...
While there are a lot of different measures to evaluate the performance of a property portfolio, for some experts, the three most important ...
Recent analysis by the REIV has found that Melbourne land values have climbed significantly over the past five years, particularly in the ou...
New research has suggested that demand for detached homes has stabilised, with an expert predicting slim chance of pick-up. ...
Get notifications in real-time for staying up to date with content that matters to you.