Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $710,000.
The upward trend in home prices in SAWTELL, 2452 averaged 5.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.3% increase in returns based on the current median price in SAWTELL.
An average of 3.92 real estate transactions take place per month in SAWTELL which translates to 47 per annum.
47 properties were sold in SAWTELL in 2016, making it the 404th most active market in NSW based on total real estate transactions.
SAWTELL, 2452 places 1022nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $710,000 | $432,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.73% | 2.25% |
| Median 12 month | 1.43% | -3.89% |
| Median 3 years | 16.39% | 0% |
| Median 5 years | 32.09% | 36.3% |
| 10 years average annual | 5.31% | 4.62% |
| Weekly media advert. rent | $450 | $380 |
| Time on Market | 96.4 days | 0.0 days |
| Gross Rental Yield Percent | 3.3% | 4.57% |
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Experts have warned that the NSW government’s proposed $25,000 new property tax system might drive up house prices. ...
The residential vacancy rate across Perth declined slightly in October, coinciding with a drop in new investment financing. ...
Scheduled auction volumes are expected to surge above 2,000 for the first time since April, CoreLogic has found. ...
Doom and gloom headlines filled the news as soon as COVID-19 outbreak began, and Australia ultimately headed to its first recession in over ...
In this episode of Investing Insights with Right Property Group, Steve Waters, Victor Kumar and Phil Tarrant discuss buying in the GFC, prop...
Get notifications in real-time for staying up to date with content that matters to you.
