Why diversification is the key to success as a property investor
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
Property investors enjoyed capital gains of 4.95% over the last 12 months in KEARNS, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in KEARNS are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
On average, rents on listings have reached the $450 mark, reflecting a 3.53% increase in returns based on the current median price in KEARNS.
KEARNS, 2558 ranks 633rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 528th on the list of best yielding suburbs for rental properties in NSW, posting a 3.53% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $662,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.16% | N/A |
| Median 12 month | 4.95% | N/A |
| Median 3 years | -0.79% | N/A |
| Median 5 years | 17.19% | N/A |
| 10 years average annual | 5.59% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 34.3 days | N/A |
| Gross Rental Yield Percent | 3.53% | N/A |
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