Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 10.94% over the last 12 months in EASTERN CREEK, translating to lower returns compared with its peers in NSW.
The suburb posted a 14.52% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
On average, rents on listings have reached the $430 mark, reflecting a 3.15% increase in returns based on the current median price in EASTERN CREEK.
EASTERN CREEK, 2766 ranks 340th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 770th on the list of best yielding suburbs for rental properties in NSW, posting a 3.15% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $710,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 10.94% | N/A |
| Median 3 years | 14.52% | N/A |
| Median 5 years | 102.86% | N/A |
| 10 years average annual | 13.11% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 53.5 days | N/A |
| Gross Rental Yield Percent | 3.15% | N/A |
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