Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investments in OCEAN SHORES fare well against the rest of the country last year, registering a median home price increase of 4.93%.
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 OCEAN SHORES, 2483 saw average growth in the long term.
Real estate investors could earn a rental income of $580 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 92.4 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 $755,500.
OCEAN SHORES ranks 394th on the list of best yielding suburbs for rental properties in NSW, posting a 3.99% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $755,500 | $560,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.34% | 5.66% |
| Median 12 month | 4.93% | 12% |
| Median 3 years | 45.29% | 29.63% |
| Median 5 years | 58.39% | 60% |
| 10 years average annual | 6.12% | 5.6% |
| Weekly media advert. rent | $580 | $407.5 |
| Time on Market | 92.4 days | 70.5 days |
| Gross Rental Yield Percent | 3.99% | 3.78% |
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...
One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...
Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...
Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...
Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...