Property Investors Locking-in Their Gains While Rental Yields Are ‘historically’ High
Data suggests that investors are moving to consolidate their profits while they can. ...
Property investors have seen a 0% gain in OLD BAR based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains OLD BAR, 2430 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 $526,500
Profits averaged 5.75% per annum over a 3-year period, due to an upward trend in home prices in OLD BAR, 2430.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in OLD BAR, 2430 is 4.25%.
An average of 10.17 real estate transactions take place per month in OLD BAR which translates to 122 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.63%||10.19%|
|Median 3 years||17.26%||17.6%|
|Median 5 years||41.91%||55.88%|
|10 years average annual||5.3%||5.95%|
|Weekly media advert. rent||$430||$330|
|Time on Market||78.8 days||35.1 days|
|Gross Rental Yield Percent||4.25%||4.32%|