Why buying under market value is not always a good idea
Most investors believe that sourcing a bargain property is like striking gold, but one expert explains why it could signal trouble. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $330,000.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BEECHWOOD.
An average of 2.08 real estate transactions take place per month in BEECHWOOD which translates to 25 per annum.
25 properties were sold in BEECHWOOD in 2016, making it the 770th most active market in NSW based on total real estate transactions.
BEECHWOOD, 2446 places 224th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.45% | N/A |
| Median 12 month | 1.54% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | -18.77% | N/A |
| 10 years average annual | 3.98% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 136.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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