Rental property rarely used as retirement income tool
Only a tiny proportion of older Australians expect property income to be their main source of income in retirement, despite these people bei...
BALRANALD, 2715 ranks 454th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.64% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $195,000.
The upward trend in home prices in BALRANALD, 2715 averaged 13.1% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BALRANALD.
An average of 1.25 real estate transactions take place per month in BALRANALD which translates to 15 per annum.
15 properties were sold in BALRANALD in 2016, making it the 1067th most active market in NSW based on total real estate transactions.
BALRANALD, 2715 places 58th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.64%||N/A|
|Median 3 years||39.29%||N/A|
|Median 5 years||44.44%||N/A|
|10 years average annual||7.13%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|
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