How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors enjoyed capital gains of 7.09% over the last 12 months in URUNGA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in URUNGA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 19.06% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
On average, rents on listings have reached the $380 mark, reflecting a 3.91% increase in returns based on the current median price in URUNGA.
URUNGA, 2455 ranks 156th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 485th on the list of best yielding suburbs for rental properties in NSW, posting a 3.91% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $506,000 | $313,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.2% | 0.48% |
| Median 12 month | 7.09% | N/A |
| Median 3 years | 19.06% | 20.85% |
| Median 5 years | 33.16% | 18.11% |
| 10 years average annual | 5.64% | 3.7% |
| Weekly media advert. rent | $380 | $280 |
| Time on Market | 87.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.91% | 4.65% |
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