Rental listings fall to 8-year low
Rental listings in Perth have dropped to an eight-year low as consumers swoop in on empty stock, new research has revealed. ...
Property investors have seen a -9.14% drop in SPRINGDALE HEIGHTS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SPRINGDALE HEIGHTS, 2641 saw average growth in the long term.
The NSW 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 $263,500
Profits averaged -0.5% per annum over a 3-year period, due to an downward trend in home prices in SPRINGDALE HEIGHTS, 2641.
This means, real estate investors could earn a rental income of $315 based on current median home prices for the suburb.
The gross rental yield in SPRINGDALE HEIGHTS, 2641 is 6.22%.
An average of 3.83 real estate transactions take place per month in SPRINGDALE HEIGHTS which translates to 46 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $263,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -9.14% | N/A |
| Median 12 month | 3.74% | N/A |
| Median 3 years | -1.5% | N/A |
| Median 5 years | 12.73% | N/A |
| 10 years average annual | 2.88% | N/A |
| Weekly media advert. rent | $315 | N/A |
| Time on Market | 83.6 days | N/A |
| Gross Rental Yield Percent | 6.22% | N/A |
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