Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Property investors enjoyed capital gains of 5.13% over the last 12 months in BOWEN MOUNTAIN, 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 5.35% growth over a ten-year period. It ranks 1324th on our list of suburbs that property investors should look into.
BOWEN MOUNTAIN, 2753 has a capital gain of 5.13% for the past year, which is lower than average compared to its 31.28% growth within a five-year period.
With the median home price in BOWEN MOUNTAIN sitting at $640,000, and the average rent at $450, property owners could potentially earn a 3.66% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in BOWEN MOUNTAIN are low, as opposed to average gains per annum over the past five years.
BOWEN MOUNTAIN, 2753 in NSW belongs to the local government area of Hawkesbury (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $640,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.23% | N/A |
| Median 12 month | 5.13% | N/A |
| Median 3 years | 2.4% | N/A |
| Median 5 years | 31.28% | N/A |
| 10 years average annual | 5.35% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 98.1 days | N/A |
| Gross Rental Yield Percent | 3.66% | N/A |
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