‘Zero spread’ opens up property-buying opportunities
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
Property investments in LENNOX HEAD fare well against the rest of the country last year, registering a median home price increase of -2.59%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LENNOX HEAD, 2478 saw average growth in the long term.
Real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 89.4 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $892,500.
LENNOX HEAD ranks 602nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.67% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $892,500 | $735,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.56% | -2% |
| Median 12 month | -2.59% | 5.6% |
| Median 3 years | 13.77% | 23.01% |
| Median 5 years | 37.31% | 40.4% |
| 10 years average annual | 5.12% | 5.39% |
| Weekly media advert. rent | $630 | $550 |
| Time on Market | 89.4 days | 80.1 days |
| Gross Rental Yield Percent | 3.67% | 3.89% |
Property investment is set to gather pace as first home buyers and investors alike are tempted into a “zero spread” environment, thanks ...
Investors and property managers should be vigilant about ensuring backyard swimming pools are secure, after new research revealed the danger...
If you’re looking to invest in Brisbane, there are five suburbs set to guarantee a good return, according to local economist. ...
Ever been in a debate with a tenant? Here’s how your agent can help. ...
First home buyers will find it easier to jump on the property ladder with the passage of new legislation through Parliament last week. ...
New data released from Domain has revealed that the cost of renting in Sydney is much lower than it was five years ago, improving renters’...
Get notifications in real-time for staying up to date with content that matters to you.