‘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 0.37% gain in GLOUCESTER based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains GLOUCESTER, 2422 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 $274,000
Profits averaged 3.2% per annum over a 3-year period, due to an upward trend in home prices in GLOUCESTER, 2422.
This means, real estate investors could earn a rental income of $295 based on current median home prices for the suburb.
The gross rental yield in GLOUCESTER, 2422 is 5.6%.
An average of 7.33 real estate transactions take place per month in GLOUCESTER which translates to 88 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $274,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.37% | N/A |
| Median 12 month | 1.48% | N/A |
| Median 3 years | 9.6% | N/A |
| Median 5 years | 16.35% | N/A |
| 10 years average annual | 1.36% | N/A |
| Weekly media advert. rent | $295 | N/A |
| Time on Market | 119.1 days | N/A |
| Gross Rental Yield Percent | 5.6% | N/A |
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