Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
The 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 $667,500.
Profits due to an downward trend in home prices there averaged -19.51% per annum over a 3-year period.
Home owners selling their properties and realtors in CATHERINE FIELD usually have to wait an average of 143.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $515 mark, reflecting a 4.01% increase in returns based on the current median price in CATHERINE FIELD.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $667,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -39.32% | N/A |
| Median 3 years | -58.54% | N/A |
| Median 5 years | -61.3% | N/A |
| 10 years average annual | 9.32% | N/A |
| Weekly media advert. rent | $515 | N/A |
| Time on Market | 143.9 days | N/A |
| Gross Rental Yield Percent | 4.01% | N/A |
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