Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $511,000.
The upward trend in home prices in HARRINGTON, 2427 averaged 7.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $525 mark, reflecting a 5.34% increase in returns based on the current median price in HARRINGTON.
An average of 11.75 real estate transactions take place per month in HARRINGTON which translates to 141 per annum.
141 properties were sold in HARRINGTON in 2016, making it the 1189th most active market in NSW based on total real estate transactions.
HARRINGTON, 2427 places 1146th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $511,000 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.59% | 0% |
| Median 12 month | 4.39% | -0.8% |
| Median 3 years | 23.13% | 12.73% |
| Median 5 years | 44.96% | 2.99% |
| 10 years average annual | 4.85% | 1.22% |
| Weekly media advert. rent | $525 | $320 |
| Time on Market | 97.7 days | 82.5 days |
| Gross Rental Yield Percent | 5.34% | 5.37% |
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