What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Property investors have seen a 0% 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 $550,000
Profits averaged 21.39% 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 3.5%.
An average of 4.92 real estate transactions take place per month in BURRILL LAKE which translates to 59 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 5.77% | N/A |
| Median 3 years | 64.18% | N/A |
| Median 5 years | 86.44% | N/A |
| 10 years average annual | 7.15% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 96.3 days | N/A |
| Gross Rental Yield Percent | 3.5% | N/A |
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