How to refinance a rental property
There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.65% growth over a ten-year period. It ranks 2085th on our list of suburbs that property investors should look into.
TOORMINA, 2452 has a capital gain of -0.87% for the past year, which is lower than average compared to its 26.39% growth within a five-year period.
With the median home price in TOORMINA sitting at $455,000, and the average rent at $430, property owners could potentially earn a 4.91% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TOORMINA are low, as opposed to average gains per annum over the past five years.
TOORMINA, 2452 in NSW belongs to the local government area of Coffs Harbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $455,000 | $350,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.34% | 1.45% |
| Median 12 month | -0.87% | 11.11% |
| Median 3 years | 10.84% | 20.69% |
| Median 5 years | 26.39% | 37.25% |
| 10 years average annual | 3.65% | 4.93% |
| Weekly media advert. rent | $430 | $340 |
| Time on Market | 76.4 days | 76.4 days |
| Gross Rental Yield Percent | 4.91% | 5.05% |
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