Falling loan deferrals prove market recovery: REIA
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Property investors have seen a -15.5% drop in MULWALA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MULWALA, 2647 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 $338,000
Profits averaged -0.49% per annum over a 3-year period, due to an downward trend in home prices in MULWALA, 2647.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in MULWALA, 2647 is 5.08%.
An average of 3.17 real estate transactions take place per month in MULWALA which translates to 38 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $338,000 | $265,000 |
| GROWTH REPORT | ||
| Median Quarterly | -15.5% | -1.12% |
| Median 12 month | -15.08% | -5.36% |
| Median 3 years | -1.46% | 12.77% |
| Median 5 years | 9.03% | 20.45% |
| 10 years average annual | 1.71% | 1.28% |
| Weekly media advert. rent | $330 | $260 |
| Time on Market | 83.6 days | 97.4 days |
| Gross Rental Yield Percent | 5.08% | 5.1% |
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