How agents aim to be close to sellers amid health crisis
“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...
Subscribe to our newsletter
A steady increase in median property prices over a five-year period in the suburb translates to a 1.04% capital gain.
It 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 $581,000
The augmented property values in the suburb are trailing behind the territorial average of -1.04% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.
Home owners selling their properties and realtors in CAMBRIDGE PARK usually have to wait an average of 67.2 days days before their assets are lifted off the market.
The NSW suburb ranks 648th on the list of best yielding suburbs for rental properties in NSW, posting a 3.58% return.
It also places places 1043rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $581,000 | $512,500 |
| GROWTH REPORT | ||
| Median Quarterly | -3.17% | 0.49% |
| Median 12 month | -7.78% | -4.21% |
| Median 3 years | 1.04% | 8.47% |
| Median 5 years | 32.65% | 33.12% |
| 10 years average annual | 7.08% | 6.9% |
| Weekly media advert. rent | $400 | $400 |
| Time on Market | 67.2 days | 105.4 days |
| Gross Rental Yield Percent | 3.58% | 4.06% |
“Social distancing – no. Physical distancing – yes,” says Mark Armstrong, CEO and co-founder of RateMyAgent. ...
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Australian landlords and tenants could be treated differently during COVID-19 depending on their location in Australia, it’s been revealed...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
