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...
SUSSEX INLET, 2540 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 $490,000.
Profits due to an upward trend in home prices in the suburb averaged 6.5% per annum over a 3-year period.
SUSSEX INLET now ranks at the 1076th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SUSSEX INLET are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $350 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUSSEX INLET, homes and units usually stay on listing for an average of 141.7 days.
In 2016, 72 properties were sold in SUSSEX INLET during the past year, making it the 161st most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.55% | N/A |
| Median 12 month | -2.97% | N/A |
| Median 3 years | 19.51% | N/A |
| Median 5 years | 53.13% | N/A |
| 10 years average annual | 5.89% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 141.7 days | N/A |
| Gross Rental Yield Percent | 3.71% | N/A |
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
New rules in Western Australia have allowed tenants to secure their furniture to the walls of their rental home to create a child-safe envir...
The prospects of getting on the property ladder have improved, and it has sparked more first home buyers to set their roots. ...
Properties within a 10km radius of the Brisbane CBD are tipped to boom as oversupply issues that have plagued the market disappear, industry...
New research has revealed that most Australian property investors choose to buy a property in the suburb they live in. Data from 1,150,000 m...
Over the years, accountant Michael Johnson has serviced seasoned property investors, doing the “heavy lifting” for portfolios with more ...
Get notifications in real-time for staying up to date with content that matters to you.