Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investments in MULLUMBIMBY did not fare well against the rest of the country last year, registering a median home price decrease of 2.74%.
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 MULLUMBIMBY, 2482 saw average growth in the long term.
Real estate investors could earn a rental income of $565 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 85.5 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 $750,000.
MULLUMBIMBY ranks 387th on the list of best yielding suburbs for rental properties in NSW, posting a 3.92% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $750,000 | $446,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.74% | -6.39% |
| Median 12 month | 2.74% | -6.39% |
| Median 3 years | 33.81% | -4.49% |
| Median 5 years | 79.32% | N/A |
| 10 years average annual | 5.65% | -6.39% |
| Weekly media advert. rent | $565 | N/A |
| Time on Market | 85.5 days | 0.0 days |
| Gross Rental Yield Percent | 3.92% | N/A |
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...