$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Property investors enjoyed capital gains of 9.22% over the last 12 months in NORTH HAVEN, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH HAVEN are low, as opposed to average gains per annum over the past five years.
The suburb posted a 26.92% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
On average, rents on listings have reached the $620 mark, reflecting a 5.58% increase in returns based on the current median price in NORTH HAVEN.
NORTH HAVEN, 2443 ranks 234th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 100th on the list of best yielding suburbs for rental properties in NSW, posting a 5.58% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $577,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.55% | N/A |
| Median 12 month | 9.22% | N/A |
| Median 3 years | 26.92% | N/A |
| Median 5 years | 39.49% | N/A |
| 10 years average annual | 6.96% | N/A |
| Weekly media advert. rent | $620 | N/A |
| Time on Market | 93.1 days | N/A |
| Gross Rental Yield Percent | 5.58% | N/A |
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