Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
Property investors have seen a -4.44% drop in BURRILL LAKE based on a decrease 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 $516,000
Profits averaged 7.38% 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 $370 based on current median home prices for the suburb.
The gross rental yield in BURRILL LAKE, 2539 is 3.73%.
An average of 3.42 real estate transactions take place per month in BURRILL LAKE which translates to 41 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $516,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.44% | N/A |
| Median 12 month | -6.18% | N/A |
| Median 3 years | 22.13% | N/A |
| Median 5 years | 72% | N/A |
| 10 years average annual | 6.56% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 135.3 days | N/A |
| Gross Rental Yield Percent | 3.73% | N/A |
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