Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
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 |
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
The Queensland government is considering making it easier for tenants to own pets in a rental property, but some think the changes could be ...
New legislation has passed in NSW parliament that allows for residential agreements to be signed and witnessed electronically, but thereâ...
More than 75 per cent of properties that sold over the three months to October were less than their original purchase price, new data reveal...
While the Australian property market remains far from a cataclysmic fall, economist Dr Andrew Wilson believes that fundamental changes will ...
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...