Sydney and Melbourne wobble as COVID-19 sets in
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
Property investments in KIAMA fare well against the rest of the country last year, registering a median home price increase of 1.18%.
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 KIAMA, 2533 saw average growth in the long term.
Real estate investors could earn a rental income of $570 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 72.4 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 $855,000.
KIAMA ranks 691st on the list of best yielding suburbs for rental properties in NSW, posting a 3.47% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $855,000 | $655,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.59% | 5.14% |
| Median 12 month | 1.18% | 7.38% |
| Median 3 years | 2.4% | 1.55% |
| Median 5 years | 31.54% | 45.56% |
| 10 years average annual | 5.24% | 6.56% |
| Weekly media advert. rent | $570 | $480 |
| Time on Market | 72.4 days | 81.1 days |
| Gross Rental Yield Percent | 3.47% | 3.81% |
Investors in Australia’s two largest cities are starting to see the impact of COVID-19, with up to a third of owners selling for less, new...
In good news for tenants, but far less so for landlords, COVID-19 is continuing to wreak havoc on vacancy rates in some of Sydney’s long-s...
With the recent revelation that Millennials believe the COVID-19 crisis has made their goals of property ownership more likely to be realise...
Perth metropolitan households are set to see a $100 rebate on the cost of fixing leaky taps as the state works to better conserve water. ...
Home loan customers looking for a better interest rate can benefit from the intense battle for business between the nation’s lenders, acco...
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
