Investors not ‘playing’ the game could miss out big
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...
Property investors enjoyed capital gains of 4.42% over the last 12 months in LAPSTONE, translating to lower returns compared with its peers in NSW.
The suburb posted a 27.34% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
On average, rents on listings have reached the $570 mark, reflecting a 3.64% increase in returns based on the current median price in LAPSTONE.
LAPSTONE, 2773 ranks 664th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 477th on the list of best yielding suburbs for rental properties in NSW, posting a 3.64% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $815,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.32% | N/A |
| Median 12 month | 4.42% | N/A |
| Median 3 years | 27.34% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 6.97% | N/A |
| Weekly media advert. rent | $570 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.64% | N/A |
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