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 ...
TUROSS HEAD, 2537 ranks 472nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.39% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $485,000.
The upward trend in home prices in TUROSS HEAD, 2537 averaged 13.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $635 mark, reflecting a 6.81% increase in returns based on the current median price in TUROSS HEAD.
An average of 8.25 real estate transactions take place per month in TUROSS HEAD which translates to 99 per annum.
99 properties were sold in TUROSS HEAD in 2016, making it the 2nd most active market in NSW based on total real estate transactions.
TUROSS HEAD, 2537 places 390th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.04% | N/A |
| Median 12 month | 14.39% | N/A |
| Median 3 years | 41.81% | N/A |
| Median 5 years | 43.7% | N/A |
| 10 years average annual | 4.91% | N/A |
| Weekly media advert. rent | $635 | N/A |
| Time on Market | 74.1 days | N/A |
| Gross Rental Yield Percent | 6.81% | N/A |
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