Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
CASUARINA, 2487 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 $1,175,000.
Profits due to an upward trend in home prices in the suburb averaged 11.3% per annum over a 3-year period.
CASUARINA now ranks at the 762nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CASUARINA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $795 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CASUARINA, homes and units usually stay on listing for an average of 98.7 days.
In 2016, 54 properties were sold in CASUARINA during the past year, making it the 310th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,175,000 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.21% | 0% |
| Median 12 month | 3.75% | 12.68% |
| Median 3 years | 33.9% | 7.53% |
| Median 5 years | 70.29% | 61.29% |
| 10 years average annual | 4.6% | 6.46% |
| Weekly media advert. rent | $795 | $505 |
| Time on Market | 98.7 days | 110.1 days |
| Gross Rental Yield Percent | 3.52% | 5.25% |
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
As strata communities deal with a double dose of the coronavirus (COVID-19) pandemic impact, how can investors make sure to stay afloat in t...
Amid uncertainties brought about by the ongoing health crisis, rental property owners are advised to be more cautious to avoid significant l...
Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth. ...
States and territories will be placing a moratorium on evictions of persons as a result of financial distress very soon, but yesterday’s a...
La Trobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment condition...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
