How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors enjoyed capital gains of 15.15% over the last 12 months in WERRIS CREEK, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in WERRIS CREEK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 40.74% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $240 based on current median home prices for the suburb.
On average, rents on listings have reached the $240 mark, reflecting a 6.57% increase in returns based on the current median price in WERRIS CREEK.
WERRIS CREEK, 2341 ranks 78th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 35th on the list of best yielding suburbs for rental properties in NSW, posting a 6.57% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $190,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5% | N/A |
| Median 12 month | 15.15% | N/A |
| Median 3 years | 40.74% | N/A |
| Median 5 years | 39.19% | N/A |
| 10 years average annual | 7.72% | N/A |
| Weekly media advert. rent | $240 | N/A |
| Time on Market | 140.0 days | N/A |
| Gross Rental Yield Percent | 6.57% | N/A |
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