Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Property investors enjoyed capital gains of 5.37% over the last 12 months in PORT MACQUARIE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.18% growth over a ten-year period. It ranks 1854th on our list of suburbs that property investors should look into.
PORT MACQUARIE, 2444 has a capital gain of 5.37% for the past year, which is lower than average compared to its 28.04% growth within a five-year period.
With the median home price in PORT MACQUARIE sitting at $589,000, and the average rent at $450, property owners could potentially earn a 3.97% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PORT MACQUARIE are low, as opposed to average gains per annum over the past five years.
PORT MACQUARIE, 2444 in NSW belongs to the local government area of Port Macquarie-Hastings (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $589,000 | $415,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.66% | 1.22% |
| Median 12 month | 5.37% | 6.41% |
| Median 3 years | 5.18% | 9.79% |
| Median 5 years | 28.04% | 36.07% |
| 10 years average annual | 4.18% | 4.19% |
| Weekly media advert. rent | $450 | $360 |
| Time on Market | 71.0 days | 68.3 days |
| Gross Rental Yield Percent | 3.97% | 4.51% |
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