Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $570,000.
The downward trend in home prices in CANIABA, 2480 averaged -0.57% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in CANIABA.
An average of 1.25 real estate transactions take place per month in CANIABA which translates to 15 per annum.
15 properties were sold in CANIABA in 2016, making it the 1087th most active market in NSW based on total real estate transactions.
CANIABA, 2480 places 1149th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | -1.72% | N/A |
| Median 5 years | 25.55% | N/A |
| 10 years average annual | -12.69% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 130.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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