BLOG: Make sure your property manager isn’t taking you for a ride
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...
LAWRENCE, 2460 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling LAWRENCE, 2460 values up and netting property investors a capital gain of 12.05% for the past year.
Investors saw the median home price rise to $409,000.
Profits due to an upward trend in home prices in the suburb averaged 9.74% per annum over a 3-year period.
LAWRENCE now ranks at the 989th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in LAWRENCE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $440 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LAWRENCE, homes and units usually stay on listing for an average of 96.7 days.
In 2016, 42 properties were sold in LAWRENCE during the past year, making it the 467th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $409,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.39% | N/A |
| Median 12 month | 12.05% | N/A |
| Median 3 years | 29.23% | N/A |
| Median 5 years | 63.6% | N/A |
| 10 years average annual | 5.11% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 96.7 days | N/A |
| Gross Rental Yield Percent | 5.59% | N/A |
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...
The Federal Court has imposed a record penalty against a property spruiker and his firm for false or misleading representations about how pe...
Laws and regulations are making it easier for tenants to keep pets in your investment property. Here are five ways you can pet-proof and pro...
Despite the softening of major property markets, particularly Sydney and Melbourne, experts believe that investment opportunities remain for...
Fresh data shows the apartment market is continuing to evolve and subdue, based on a series of factors including supply, sentiment and finan...
Sydney's South-West is the beneficiary of major government spend and redevelopment, and some of its suburbs have seen double-digit growth in...