Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
Subscribe to our newsletter
Property investments in LENNOX HEAD did not fare well against the rest of the country last year, registering a median home price decrease of 3.1%.
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 $650 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 120.6 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 $915,000.
LENNOX HEAD ranks 577th on the list of best yielding suburbs for rental properties in NSW, posting a 3.69% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $915,000 | $720,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.61% | -0.69% |
| Median 12 month | 3.1% | -4.32% |
| Median 3 years | 18.45% | 14.29% |
| Median 5 years | 35.06% | 37.14% |
| 10 years average annual | 4.59% | 4.85% |
| Weekly media advert. rent | $650 | $590 |
| Time on Market | 120.6 days | 82.6 days |
| Gross Rental Yield Percent | 3.69% | 4.26% |
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
