Returning expats may increase property prices
Demographic experts forecast we are due for a “migration tsunami”, which will lead to extremely high housing demand. ...
Property investors have seen a 0% gain in MILLNER based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MILLNER, 810 saw average growth in the long term.
The NT 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 $425,000
Profits averaged -7.58% per annum over a 3-year period, due to an downward trend in home prices in MILLNER, 810.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in MILLNER, 810 is 5.14%.
An average of 1.92 real estate transactions take place per month in MILLNER which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $425,000 | $190,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -2.56% |
| Median 12 month | -9.33% | -32.74% |
| Median 3 years | -22.73% | -47.22% |
| Median 5 years | -24.24% | -59.79% |
| 10 years average annual | -1.86% | -4.32% |
| Weekly media advert. rent | $420 | $312.5 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 5.14% | 8.55% |
Demographic experts forecast we are due for a “migration tsunami”, which will lead to extremely high housing demand. ...
If you feel like your home loan repayments will never come to an end, the key can be as simple as negotiating to get a lower interest rate. ...
As COVID continues to effect the economy, large number of people continue to renovate their homes. ...
The Real Estate Institute of Australia is seeking a new foreign investment fee structure for the residential property sector. ...
Despite being severely impacted by the COVID-19 pandemic, Victoria proved its resilience as homes get sold quicker in recent years. ...
Housing debt comprises most of the debt held by households, putting home owners at risk as debt levels reach a 30-year high. Could this trig...
Get notifications in real-time for staying up to date with content that matters to you.
