NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Property investors enjoyed capital gains of 32.35% over the last 12 months in BULLI, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.98% growth over a ten-year period. It ranks 5th on our list of suburbs that property investors should look into.
BULLI, 2516 has a capital gain of 32.35% for the past year, which is higher than average compared to its 87.5% growth within a five-year period.
With the median home price in BULLI sitting at $1,350,000, and the average rent at $650, property owners could potentially earn a 2.5% increase in gross rental yield.
A 32.35% increase in median property prices in BULLI, 2516 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 54th.
Figures from the previous quarter show that capital gains for real estate buyers in BULLI are high, as opposed to average gains per annum over the past five years.
BULLI, 2516 in NSW belongs to the local government area of Wollongong (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.35%||7.14%|
|Median 3 years||21.62%||3.85%|
|Median 5 years||87.5%||46.74%|
|10 years average annual||9.98%||10.99%|
|Weekly media advert. rent||$650||$490|
|Time on Market||45.2 days||0.0 days|
|Gross Rental Yield Percent||2.5%||3.77%|