Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
Property investors enjoyed capital gains of 25% over the last 12 months in WENTWORTH, 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 4.27% growth over a ten-year period. It ranks 1937th on our list of suburbs that property investors should look into.
WENTWORTH, 2648 has a capital gain of 25% for the past year, which is higher than average compared to its 42.86% growth within a five-year period.
With the median home price in WENTWORTH sitting at $230,000, and the average rent at $250, property owners could potentially earn a 5.65% increase in gross rental yield.
A 25% increase in median property prices in WENTWORTH, 2648 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 63rd.
Figures from the previous quarter show that capital gains for real estate buyers in WENTWORTH are low, as opposed to average gains per annum over the past five years.
WENTWORTH, 2648 in NSW belongs to the local government area of Wentworth (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $230,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.02% | N/A |
| Median 12 month | 25% | N/A |
| Median 3 years | 17.95% | N/A |
| Median 5 years | 42.86% | N/A |
| 10 years average annual | 4.27% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 109.0 days | N/A |
| Gross Rental Yield Percent | 5.65% | N/A |
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