‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a -1.23% drop in SCONE based on a decrease 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 $360,000
Profits averaged 1.2% 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 4.77%.
An average of 12.67 real estate transactions take place per month in SCONE which translates to 152 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $360,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.23% | N/A |
| Median 12 month | 2.13% | N/A |
| Median 3 years | 3.6% | N/A |
| Median 5 years | 0.7% | N/A |
| 10 years average annual | 2.31% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 102.0 days | N/A |
| Gross Rental Yield Percent | 4.77% | N/A |
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