Dodgy ‘roof repairing’ conmen exploiting property owners
The Western Australian government has put out a call for WA property owners to watch out for roof repair conmen who are asking payment for w...
Property investors have seen a 0% gain in SUFFOLK PARK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SUFFOLK PARK, 2481 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,040,000
Profits averaged 8.18% per annum over a 3-year period, due to an upward trend in home prices in SUFFOLK PARK, 2481.
This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.
The gross rental yield in SUFFOLK PARK, 2481 is 3.9%.
An average of 5.33 real estate transactions take place per month in SUFFOLK PARK which translates to 64 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,040,000 | $700,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -2.78% |
| Median 12 month | -2.8% | -16.77% |
| Median 3 years | 24.55% | 16.67% |
| Median 5 years | 61.87% | 59.09% |
| 10 years average annual | 4.67% | 4.91% |
| Weekly media advert. rent | $780 | $630 |
| Time on Market | 79.9 days | 80.8 days |
| Gross Rental Yield Percent | 3.9% | 4.68% |
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