Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Property investors have seen a 0.75% gain in PARKLEA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PARKLEA, 2768 saw average growth in the long term.
The NSW suburb also 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 $935,000
Profits averaged 1.1% per annum over a 3-year period, due to an upward trend in home prices in PARKLEA, 2768.
This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.
The gross rental yield in PARKLEA, 2768 is 3.23%.
An average of 2.67 real estate transactions take place per month in PARKLEA which translates to 32 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.93%||N/A|
|Median 3 years||3.31%||N/A|
|Median 5 years||16%||N/A|
|10 years average annual||6.26%||N/A|
|Weekly media advert. rent||$580||N/A|
|Time on Market||23.4 days||N/A|
|Gross Rental Yield Percent||3.23%||N/A|