How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
It 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 $570,000
The augmented property values in the suburb are trailing above the territorial average of 0.59% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.
Home owners selling their properties and realtors in MYLESTOM usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The NSW suburb ranks 540th on the list of best yielding suburbs for rental properties in NSW, posting a 3.65% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 3.64% | N/A |
| Median 3 years | 29.55% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 9.29% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.65% | N/A |
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