Rental listings fall to 8-year low
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
Property investors have seen a 5.26% 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 $400,000
Profits averaged 8.33% 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 $340 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.42%.
An average of 11.67 real estate transactions take place per month in SCONE which translates to 140 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | $267,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5.26% | -2.55% |
| Median 12 month | 3.9% | 12.63% |
| Median 3 years | 25% | N/A |
| Median 5 years | 12.68% | N/A |
| 10 years average annual | 2.82% | 15.31% |
| Weekly media advert. rent | $340 | $290 |
| Time on Market | 102.7 days | 0.0 days |
| Gross Rental Yield Percent | 4.42% | 5.64% |
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