Call to cull WA’s eviction moratorium extension
A Western Australian group has rebuked the state’s decision to extend the eviction moratorium to March 2021, calling for the government to...
COLEBEE, 2761 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $790,000.
Profits due to an downward trend in home prices in the suburb averaged -5.69% per annum over a 3-year period.
COLEBEE now ranks at the 1115th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in COLEBEE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $620 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COLEBEE, homes and units usually stay on listing for an average of 64.4 days.
In 2016, 59 properties were sold in COLEBEE during the past year, making it the 274th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.68% | N/A |
| Median 12 month | -14.59% | N/A |
| Median 3 years | -17.06% | N/A |
| Median 5 years | 65.39% | N/A |
| 10 years average annual | 12.6% | N/A |
| Weekly media advert. rent | $620 | N/A |
| Time on Market | 64.4 days | N/A |
| Gross Rental Yield Percent | 4.08% | N/A |
A Western Australian group has rebuked the state’s decision to extend the eviction moratorium to March 2021, calling for the government to...
The COVID-19 pandemic has seen a change in consumer preferences which could see the outer suburban areas be the big winner this spring selli...
One of Australia’s largest banks is forecasting strong growth in the housing market as low interest rates and availability of credit pushe...
Foreign investment from China in Australian real estate has been quietly on the decline for several years. It peaked in 2015-16 at $31.9 bi...
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
A real estate body has launched a public campaign targeting the Andrews government’s continued real estate restrictions, noting the immens...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment