What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Property investors enjoyed capital gains of 3.64% over the last 12 months in TEA GARDENS, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.14% growth over a ten-year period. It ranks 1322nd on our list of suburbs that property investors should look into.
TEA GARDENS, 2324 has a capital gain of 3.64% for the past year, which is lower than average compared to its 46.34% growth within a five-year period.
With the median home price in TEA GARDENS sitting at $570,000, and the average rent at $400, property owners could potentially earn a 3.65% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TEA GARDENS are low, as opposed to average gains per annum over the past five years.
TEA GARDENS, 2324 in NSW belongs to the local government area of Mid-Coast (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.44% | 6.83% |
| Median 12 month | 3.64% | 15.65% |
| Median 3 years | 24.73% | 26.87% |
| Median 5 years | 46.34% | 44.07% |
| 10 years average annual | 6.14% | 2.35% |
| Weekly media advert. rent | $400 | $357.5 |
| Time on Market | 78.3 days | 0.0 days |
| Gross Rental Yield Percent | 3.65% | 4.37% |
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Home values continued to ease across the majority of Australian capital cities last week, except for one which managed to hold steady. ...
Updated figures from the WA state government has revealed that there are over $100 billion-worth of upcoming projects for the state, and one...
Property owners in Queensland have up until the end of the working week to make sure they comply with combustible cladding regulations. ...
In this episode of the Smart Property Investment Show, host Phil Tarrant talks with Simon Pressley, head of research at Propertyology, about...
Labor’s negative gearing and capital gains tax policy changes could have significant impacts for property investors, according to a tax e...