How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
Property investors have seen a 2.51% gain in SOUTH NOWRA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SOUTH NOWRA, 2541 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.92%.
Based on its average 5-year and quarterly capital gains SOUTH NOWRA, 2541 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 $612,500
Profits averaged 3.39% per annum over a 3-year period, due to an upward trend in home prices in SOUTH NOWRA, 2541.
This means, real estate investors could earn a rental income of $465 based on current median home prices for the suburb.
The gross rental yield in SOUTH NOWRA, 2541 is 3.95%.
An average of 9.17 real estate transactions take place per month in SOUTH NOWRA which translates to 110 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.92%||N/A|
|Median 3 years||10.16%||N/A|
|Median 5 years||49.52%||N/A|
|10 years average annual||6.94%||N/A|
|Weekly media advert. rent||$465||N/A|
|Time on Market||97.4 days||N/A|
|Gross Rental Yield Percent||3.95%||N/A|