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. ...
Subscribe to our newsletter
Property investors enjoyed capital gains of 12.94% 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 30.96% 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 $442.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $442.5 mark, reflecting a 3.74% increase in returns based on the current median price in MERIMBULA.
MERIMBULA, 2548 ranks 93rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 555th on the list of best yielding suburbs for rental properties in NSW, posting a 3.74% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $615,500 | $315,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.45% | 0% |
| Median 12 month | 12.94% | 5% |
| Median 3 years | 30.96% | 40% |
| Median 5 years | 30.96% | 36.96% |
| 10 years average annual | 5.21% | 5.23% |
| Weekly media advert. rent | $442.5 | $300 |
| Time on Market | 118.4 days | 109.2 days |
| Gross Rental Yield Percent | 3.74% | 4.95% |
New research has supported the idea that Australia’s housing market “reached a turning point” midway through 2019. ...
“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
