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. ...
Property investors have seen a -3.78% drop in WESTON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WESTON, 2326 saw average growth in the long term.
The NSW 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 $330,500
Profits averaged 10.38% per annum over a 3-year period, due to an upward trend in home prices in WESTON, 2326.
This means, real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
The gross rental yield in WESTON, 2326 is 5.35%.
An average of 7.92 real estate transactions take place per month in WESTON which translates to 95 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.78% | N/A |
| Median 12 month | 2.96% | N/A |
| Median 3 years | 31.15% | N/A |
| Median 5 years | 37.14% | N/A |
| 10 years average annual | 5.6% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 65.3 days | N/A |
| Gross Rental Yield Percent | 5.35% | N/A |
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