Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Property investors enjoyed capital gains of 16.28% over the last 12 months in MERIMBULA, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in MERIMBULA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 10.1% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $447.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $447.5 mark, reflecting a 4.05% increase in returns based on the current median price in MERIMBULA.
MERIMBULA, 2548 ranks 156th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 352nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.05% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $575,000 | $291,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 4.86% |
| Median 12 month | 16.28% | 9.81% |
| Median 3 years | 10.1% | 22.27% |
| Median 5 years | 33.72% | 31.97% |
| 10 years average annual | 4.63% | 3.78% |
| Weekly media advert. rent | $447.5 | $275 |
| Time on Market | 99.1 days | 99.1 days |
| Gross Rental Yield Percent | 4.05% | 4.91% |
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