What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
Homeowners and real estate investors betting on KINGSCLIFF, 2487 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 12.27%.
A steady increase in median property prices over a five-year period in the suburb translates to a 23.82% capital gain.
Property investors in KINGSCLIFF enjoyed capital gains of 12.27% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $1,052,500.
Profits due to an upward trend in home prices there averaged 7.94% per annum over a 3-year period.
Home owners selling their properties and realtors in KINGSCLIFF usually have to wait an average of 92.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $675 mark, reflecting a 3.33% increase in returns based on the current median price in KINGSCLIFF.
KINGSCLIFF, 2487 places 174th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,052,500 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.69% | -3.85% |
| Median 12 month | 12.27% | -9.09% |
| Median 3 years | 23.82% | 16.96% |
| Median 5 years | 51.22% | 35.14% |
| 10 years average annual | 5.84% | 3.82% |
| Weekly media advert. rent | $675 | $480 |
| Time on Market | 92.5 days | 89.2 days |
| Gross Rental Yield Percent | 3.33% | 4.99% |
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
The latest data from CoreLogic has depicted a strong finish for December when it comes to homes going under the hammer. ...
Over the past year, Brisbane has become the “safe choice” for property investors looking to avoid the negative impacts of the declines i...
While the 2019 calendar year was lacklustre for the Perth property market, Momentum Wealth believes that the Western Australia capital is pr...
Hobart has come out on top in new data analysis that also showed that nationwide, almost nine out of 10 property resales over the September ...
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
Get notifications in real-time for staying up to date with content that matters to you.