What type of property owner benefits most from Morrison’s HomeBuilder?
Older Australians who are looking to downsize are tipped to be the big winners from Scott Morrison’s latest stimulus package, according to...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 49.5% capital gain.
Property investors in CRESCENT HEAD enjoyed capital gains of 9.56% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $690,250.
Profits due to an upward trend in home prices there averaged 16.5% per annum over a 3-year period.
Home owners selling their properties and realtors in CRESCENT HEAD usually have to wait an average of 153.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $440 mark, reflecting a 3.31% increase in returns based on the current median price in CRESCENT HEAD.
CRESCENT HEAD, 2440 places 847th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $690,250 | $340,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.04% | N/A |
| Median 12 month | 9.56% | N/A |
| Median 3 years | 49.5% | N/A |
| Median 5 years | 62.41% | N/A |
| 10 years average annual | 5.96% | N/A |
| Weekly media advert. rent | $440 | $310 |
| Time on Market | 153.5 days | 0.0 days |
| Gross Rental Yield Percent | 3.31% | 4.74% |
Older Australians who are looking to downsize are tipped to be the big winners from Scott Morrison’s latest stimulus package, according to...
As the world continues to face the effects of the COVID-19 pandemic, how will the Sydney property market move to recover over the long-term?...
There are plenty of properties out there, but not all properties are investment-grade properties, writes Lloyd Edge. ...
Available rental stock in Perth is dropping at a rapid rate, with listings falling to their lowest levels since November 2013. ...
While most properties will double in a decade, most of the gains will happen in two to four years with six to eight years of stagnation in b...
Isolation has given many Australians an opportunity to pause and reflect on what they want from their lives and their assets, and it’s alr...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
