RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Property investors have seen a -5.88% 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 $400,000
Profits averaged 4.98% per annum over a 3-year period, due to an upward 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 4.29%.
An average of 2.58 real estate transactions take place per month in MULWALA which translates to 31 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | $266,500 |
| GROWTH REPORT | ||
| Median Quarterly | -5.88% | 0.57% |
| Median 12 month | 9.59% | 12.92% |
| Median 3 years | 14.94% | 13.4% |
| Median 5 years | 23.65% | 34.77% |
| 10 years average annual | 3.45% | 1.78% |
| Weekly media advert. rent | $330 | $250 |
| Time on Market | 125.3 days | 0.0 days |
| Gross Rental Yield Percent | 4.29% | 4.88% |
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