Housing market reached turning point mid-2019
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
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Figures from the previous quarter show that capital gains for real estate buyers in OLD EROWAL BAY are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $364.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $364.5 mark, reflecting a 4.74% increase in returns based on the current median price in OLD EROWAL BAY.
OLD EROWAL BAY, 2540 ranks 978th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 222nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.74% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.56% | N/A |
| Median 12 month | -6.98% | N/A |
| Median 3 years | 17.65% | N/A |
| Median 5 years | 46.52% | N/A |
| 10 years average annual | 6.07% | N/A |
| Weekly media advert. rent | $364.5 | N/A |
| Time on Market | 97.5 days | N/A |
| Gross Rental Yield Percent | 4.74% | N/A |
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