CBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
Property investors enjoyed capital gains of 20.83% over the last 12 months in TOWNSEND, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in TOWNSEND are low, as opposed to average gains per annum over the past five years.
The suburb posted a 30.04% 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 $410 based on current median home prices for the suburb.
On average, rents on listings have reached the $410 mark, reflecting a 4.9% increase in returns based on the current median price in TOWNSEND.
TOWNSEND, 2463 ranks 138th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 156th on the list of best yielding suburbs for rental properties in NSW, posting a 4.9% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.83%||N/A|
|Median 3 years||30.04%||N/A|
|Median 5 years||38.1%||N/A|
|10 years average annual||5.52%||N/A|
|Weekly media advert. rent||$410||N/A|
|Time on Market||43.8 days||N/A|
|Gross Rental Yield Percent||4.9%||N/A|