Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
Figures from the previous quarter show that capital gains for real estate buyers in THE PONDS are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
On average, rents on listings have reached the $630 mark, reflecting a 3.41% increase in returns based on the current median price in THE PONDS.
THE PONDS, 2769 ranks 933rd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 720th on the list of best yielding suburbs for rental properties in NSW, posting a 3.41% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $960,000 | $775,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.13% | 0.65% |
| Median 12 month | -4% | N/A |
| Median 3 years | -4.61% | N/A |
| Median 5 years | 16.36% | N/A |
| 10 years average annual | 6.26% | N/A |
| Weekly media advert. rent | $630 | $450 |
| Time on Market | 53.0 days | 0.0 days |
| Gross Rental Yield Percent | 3.41% | 3.02% |
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