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. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The 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 $268,500.
The downward trend in home prices in ABERDEEN, 2336 averaged -0.06% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 6.58% increase in returns based on the current median price in ABERDEEN.
An average of 4.42 real estate transactions take place per month in ABERDEEN which translates to 53 per annum.
53 properties were sold in ABERDEEN in 2016, making it the 355th most active market in NSW based on total real estate transactions.
ABERDEEN, 2336 places 1098th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $268,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.96% | N/A |
| Median 12 month | -14.76% | N/A |
| Median 3 years | -0.19% | N/A |
| Median 5 years | -16.09% | N/A |
| 10 years average annual | 1.41% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 133.8 days | N/A |
| Gross Rental Yield Percent | 6.58% | N/A |
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