How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
Based on its average 5-year and quarterly capital gains GULGONG, 2852 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that GULGONG, 2852 obtained a 4.87% growth over a ten-year period. It ranks 1688th on our list of suburbs that property investors should look into.
GULGONG, 2852 in NSW belongs to the local government area of Mid-Western Regional (A).
GULGONG, 2852 has a capital gain of 16.28% for the past year, which is higher than average compared to its 21.67% growth within a five-year period.
With the median home price in GULGONG sitting at $328,500, and the average rent at $330, property owners could potentially earn a 5.22% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GULGONG are high, as opposed to average gains per annum over the past five years.
A 16.28% increase in median property prices in GULGONG, 2852 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 61st.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $328,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.62% | N/A |
| Median 12 month | 16.28% | N/A |
| Median 3 years | 9.5% | N/A |
| Median 5 years | 21.67% | N/A |
| 10 years average annual | 4.87% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 130.7 days | N/A |
| Gross Rental Yield Percent | 5.22% | N/A |
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
New rules in Western Australia have allowed tenants to secure their furniture to the walls of their rental home to create a child-safe envir...
The prospects of getting on the property ladder have improved, and it has sparked more first home buyers to set their roots. ...
Properties within a 10km radius of the Brisbane CBD are tipped to boom as oversupply issues that have plagued the market disappear, industry...
New research has revealed that most Australian property investors choose to buy a property in the suburb they live in. Data from 1,150,000 m...
Over the years, accountant Michael Johnson has serviced seasoned property investors, doing the “heavy lifting” for portfolios with more ...
Get notifications in real-time for staying up to date with content that matters to you.