Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
Property investors enjoyed capital gains of 1.96% over the last 12 months in ALBION PARK, 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 6.7% growth over a ten-year period. It ranks 909th on our list of suburbs that property investors should look into.
ALBION PARK, 2527 has a capital gain of 1.96% for the past year, which is lower than average compared to its 58.23% growth within a five-year period.
With the median home price in ALBION PARK sitting at $625,000, and the average rent at $500, property owners could potentially earn a 4.16% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ALBION PARK are low, as opposed to average gains per annum over the past five years.
ALBION PARK, 2527 in NSW belongs to the local government area of Shellharbour (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,000 | $490,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.96% | -2% |
| Median 12 month | 1.96% | -4.85% |
| Median 3 years | 27.55% | 21.9% |
| Median 5 years | 58.23% | 40% |
| 10 years average annual | 6.7% | 6.28% |
| Weekly media advert. rent | $500 | $435 |
| Time on Market | 59.6 days | 61.5 days |
| Gross Rental Yield Percent | 4.16% | 4.62% |
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