Q&A: Babak Haeri, The Investors Agency
In this exclusive Q&A, Smart Property Investment speaks to founder of The Investors Agency, Babak Haeri. ...
Property investors enjoyed capital gains of 16.11% over the last 12 months in CONDOBOLIN, 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 4.03% growth over a ten-year period. It ranks 1945th on our list of suburbs that property investors should look into.
CONDOBOLIN, 2877 has a capital gain of 16.11% for the past year, which is higher than average compared to its 15.92% growth within a five-year period.
With the median home price in CONDOBOLIN sitting at $182,000, and the average rent at $247.5, property owners could potentially earn a 7.07% increase in gross rental yield.
A 16.11% increase in median property prices in CONDOBOLIN, 2877 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 80th.
Figures from the previous quarter show that capital gains for real estate buyers in CONDOBOLIN are low, as opposed to average gains per annum over the past five years.
CONDOBOLIN, 2877 in NSW belongs to the local government area of Lachlan (A).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.11%||N/A|
|Median 3 years||6.43%||N/A|
|Median 5 years||15.92%||N/A|
|10 years average annual||4.03%||N/A|
|Weekly media advert. rent||$247.5||N/A|
|Time on Market||101.1 days||N/A|
|Gross Rental Yield Percent||7.07%||N/A|
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