Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
LIGHTNING RIDGE, 2834 ranks 65th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.92% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $99,500.
The upward trend in home prices in LIGHTNING RIDGE, 2834 averaged 29.84% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in LIGHTNING RIDGE.
An average of 3 real estate transactions take place per month in LIGHTNING RIDGE which translates to 36 per annum.
36 properties were sold in LIGHTNING RIDGE in 2016, making it the 574th most active market in NSW based on total real estate transactions.
LIGHTNING RIDGE, 2834 places 259th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $99,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.58% | N/A |
| Median 12 month | 30.92% | N/A |
| Median 3 years | 89.52% | N/A |
| Median 5 years | 28.39% | N/A |
| 10 years average annual | -1% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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