Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Property investors enjoyed capital gains of 2.4% over the last 12 months in GLENMORE PARK, 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 7.28% growth over a ten-year period. It ranks 866th on our list of suburbs that property investors should look into.
GLENMORE PARK, 2745 has a capital gain of 2.4% for the past year, which is lower than average compared to its 58.35% growth within a five-year period.
With the median home price in GLENMORE PARK sitting at $768,000, and the average rent at $510, property owners could potentially earn a 3.45% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GLENMORE PARK are low, as opposed to average gains per annum over the past five years.
GLENMORE PARK, 2745 in NSW belongs to the local government area of Penrith.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $768,000 | $579,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.55% | -1.28% |
| Median 12 month | 2.4% | 3.12% |
| Median 3 years | 21.71% | 28.67% |
| Median 5 years | 58.35% | 62.82% |
| 10 years average annual | 7.28% | 7.68% |
| Weekly media advert. rent | $510 | $430 |
| Time on Market | 50.9 days | 38.1 days |
| Gross Rental Yield Percent | 3.45% | 3.86% |
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...
One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...
Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...
Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...