Registration cancelled for dodgy builder
Property investors have been given a timely reminder to check the credentials of their builders following reports of falsifying claims. ...
Property investors have seen a -3.9% 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 $370,000
Profits averaged 6.13% 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 $350 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.92%.
An average of 9.42 real estate transactions take place per month in SCONE which translates to 113 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $245,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.9% | 3.16% |
| Median 12 month | 1.37% | N/A |
| Median 3 years | 18.4% | N/A |
| Median 5 years | 2.78% | N/A |
| 10 years average annual | 3.88% | -3.23% |
| Weekly media advert. rent | $350 | $277.5 |
| Time on Market | 110.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.92% | 5.89% |
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