RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Property investments in MONTEFIORES did not fare well against the rest of the country last year, registering a median home price decrease of -8.46%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MONTEFIORES, 2820 saw average growth in the long term.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 135.4 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $281,500.
MONTEFIORES ranks 1345th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $281,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.17% | N/A |
| Median 12 month | -8.46% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 0.54% | N/A |
| 10 years average annual | 11.22% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 135.4 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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