Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Property investors have seen a 5.32% gain in TREGEAR based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains TREGEAR, 2770 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $455,000
Profits averaged -2.38% per annum over a 3-year period, due to an downward trend in home prices in TREGEAR, 2770.
This means, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in TREGEAR, 2770 is 3.66%.
An average of 2.75 real estate transactions take place per month in TREGEAR which translates to 33 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $455,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.32% | N/A |
| Median 12 month | 8.33% | N/A |
| Median 3 years | -7.14% | N/A |
| Median 5 years | 12.9% | N/A |
| 10 years average annual | 8.16% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 48.1 days | N/A |
| Gross Rental Yield Percent | 3.66% | N/A |
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