Wage subsidy to ‘relieve financial pressure’ for tenants and landlords
The federal government’s recent JobKeeper wage subsidy is set to significantly help relieve rental and mortgage stress, according to the P...
A steady increase in median property prices over a five-year period in the suburb translates to a 11.32% capital gain.
It 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 $590,008
The augmented property values in the suburb are trailing above the territorial average of -1.96% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $420.
Home owners selling their properties and realtors in BUXTON usually have to wait an average of 65.7 days days before their assets are lifted off the market.
The NSW suburb ranks 571st on the list of best yielding suburbs for rental properties in NSW, posting a 3.7% return.
It also places places 646th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $590,008 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.86% | N/A |
| Median 12 month | -1.67% | N/A |
| Median 3 years | 11.32% | N/A |
| Median 5 years | 52.26% | N/A |
| 10 years average annual | 7.28% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 65.7 days | N/A |
| Gross Rental Yield Percent | 3.7% | N/A |
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