Property management: You get what you pay for
Lately there have been some new ‘startups’ in the property management space that are trying to swing investors away from traditional pro...
Property investors enjoyed capital gains of 3.27% over the last 12 months in ORAN PARK, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.95% growth over a ten-year period. It ranks 568th on our list of suburbs that property investors should look into.
ORAN PARK, 2570 has a capital gain of 3.27% for the past year, which is lower than average compared to its 56.45% growth within a five-year period.
With the median home price in ORAN PARK sitting at $790,000, and the average rent at $530, property owners could potentially earn a 3.49% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ORAN PARK are low, as opposed to average gains per annum over the past five years.
ORAN PARK, 2570 in NSW belongs to the local government area of Camden.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | $672,750 |
| GROWTH REPORT | ||
| Median Quarterly | 1.02% | -1.07% |
| Median 12 month | 3.27% | 3.5% |
| Median 3 years | 35.04% | 26.93% |
| Median 5 years | 56.45% | N/A |
| 10 years average annual | 7.95% | 8.71% |
| Weekly media advert. rent | $530 | N/A |
| Time on Market | 83.7 days | 0.0 days |
| Gross Rental Yield Percent | 3.49% | N/A |
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