Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
Real estate investors could earn a rental income of $522.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 70.8 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $292,500.
RED HEAD ranks 6th on the list of best yielding suburbs for rental properties in NSW, posting a 9.29% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||-39.69%||N/A|
|Median 5 years||-44.81%||N/A|
|10 years average annual||-5.84%||N/A|
|Weekly media advert. rent||$522.5||N/A|
|Time on Market||70.8 days||N/A|
|Gross Rental Yield Percent||9.29%||N/A|