The Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
Property investors enjoyed capital gains of 15.73% 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 7.04% growth over a ten-year period. It ranks 1422nd on our list of suburbs that property investors should look into.
GLENMORE PARK, 2745 has a capital gain of 15.73% for the past year, which is higher than average compared to its 23.7% growth within a five-year period.
With the median home price in GLENMORE PARK sitting at $890,000, and the average rent at $570, property owners could potentially earn a 3.33% 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 (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.73%||8.09%|
|Median 3 years||19.54%||10.78%|
|Median 5 years||23.7%||16.17%|
|10 years average annual||7.04%||7.28%|
|Weekly media advert. rent||$570||$400|
|Time on Market||15.9 days||37.3 days|
|Gross Rental Yield Percent||3.33%||3.35%|