The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
Property investors have seen a -2% drop in GULMARRAD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains GULMARRAD, 2463 saw average growth in the long term.
The NSW suburb 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 $490,000
Profits averaged 5.23% per annum over a 3-year period, due to an upward trend in home prices in GULMARRAD, 2463.
This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in GULMARRAD, 2463 is 5.09%.
An average of 4.58 real estate transactions take place per month in GULMARRAD which translates to 55 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2% | N/A |
| Median 12 month | 2.08% | N/A |
| Median 3 years | 15.7% | N/A |
| Median 5 years | 21.74% | N/A |
| 10 years average annual | 1.96% | N/A |
| Weekly media advert. rent | $480 | N/A |
| Time on Market | 116.4 days | N/A |
| Gross Rental Yield Percent | 5.09% | N/A |
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