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 2.16% gain in SCONE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SCONE, 2337 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 $378,000
Profits averaged 3.19% per annum over a 3-year period, due to an upward trend in home prices in SCONE, 2337.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.54%.
An average of 13.33 real estate transactions take place per month in SCONE which translates to 160 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $378,000 | $217,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.16% | N/A |
| Median 12 month | 5% | N/A |
| Median 3 years | 9.57% | N/A |
| Median 5 years | 8% | N/A |
| 10 years average annual | 4.15% | -1.32% |
| Weekly media advert. rent | $330 | $270 |
| Time on Market | 113.8 days | 0.0 days |
| Gross Rental Yield Percent | 4.54% | 6.47% |
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