How Does An Economist View Labor’s Housing Plans?
Saturday’s (21 May) federal election brought with it a new government, with the Albanese-led Labor party winning power...
Property investors enjoyed capital gains of 29.96% over the last 12 months in LAVINGTON, 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 5.88% growth over a ten-year period. It ranks 2007th on our list of suburbs that property investors should look into.
LAVINGTON, 2641 has a capital gain of 29.96% for the past year, which is higher than average compared to its 47.79% growth within a five-year period.
With the median home price in LAVINGTON sitting at $385,000, and the average rent at $380, property owners could potentially earn a 5.13% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LAVINGTON are low, as opposed to average gains per annum over the past five years.
LAVINGTON, 2641 in NSW belongs to the local government area of Albury (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||29.96%||38.12%|
|Median 3 years||43.26%||47.06%|
|Median 5 years||47.79%||49.7%|
|10 years average annual||5.88%||4.54%|
|Weekly media advert. rent||$380||$270|
|Time on Market||37.8 days||44.9 days|
|Gross Rental Yield Percent||5.13%||5.62%|