How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Property investors have seen a 1.55% gain in BURRILL LAKE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BURRILL LAKE, 2539 saw average growth in the long term.
The NSW 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 $525,000
Profits averaged 9.09% per annum over a 3-year period, due to an upward trend in home prices in BURRILL LAKE, 2539.
This means, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.
The gross rental yield in BURRILL LAKE, 2539 is 3.52%.
An average of 2.92 real estate transactions take place per month in BURRILL LAKE which translates to 35 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $525,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.55% | N/A |
| Median 12 month | -4.55% | N/A |
| Median 3 years | 27.27% | N/A |
| Median 5 years | 66.67% | N/A |
| 10 years average annual | 6.74% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 137.5 days | N/A |
| Gross Rental Yield Percent | 3.52% | N/A |
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