Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 9.71% over the last 12 months in MOREE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.16% growth over a ten-year period. It ranks 2316th on our list of suburbs that property investors should look into.
MOREE, 2400 has a capital gain of 9.71% for the past year, which is higher than average compared to its 11.11% growth within a five-year period.
With the median home price in MOREE sitting at $240,000, and the average rent at $285, property owners could potentially earn a 6.18% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MOREE are high, as opposed to average gains per annum over the past five years.
MOREE, 2400 in NSW belongs to the local government area of Moree Plains.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $240,000 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.8% | 34.38% |
| Median 12 month | 9.71% | 44.3% |
| Median 3 years | -4% | 79.17% |
| Median 5 years | 11.11% | N/A |
| 10 years average annual | 3.16% | N/A |
| Weekly media advert. rent | $285 | $240 |
| Time on Market | 142.0 days | 0.0 days |
| Gross Rental Yield Percent | 6.18% | 5.8% |
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
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...