Property investment tip: Should investors spend extra on professional fees?
With the property market changing as a result of price declines and regulatory interventions, investors are advised, now more than ever, to ...
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Property investors enjoyed capital gains of 10.1% over the last 12 months in LEURA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.9% growth over a ten-year period. It ranks 558th on our list of suburbs that property investors should look into.
LEURA, 2780 has a capital gain of 10.1% for the past year, which is lower than average compared to its 73.33% growth within a five-year period.
With the median home price in LEURA sitting at $845,000, and the average rent at $460, property owners could potentially earn a 2.83% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LEURA are low, as opposed to average gains per annum over the past five years.
LEURA, 2780 in NSW belongs to the local government area of Blue Mountains (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $845,000 | $540,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.42% | 0% |
| Median 12 month | 10.1% | 7.46% |
| Median 3 years | 38.52% | 20.67% |
| Median 5 years | 73.33% | 51.05% |
| 10 years average annual | 7.9% | 9.65% |
| Weekly media advert. rent | $460 | $405 |
| Time on Market | 75.2 days | 0.0 days |
| Gross Rental Yield Percent | 2.83% | 3.9% |
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