Negative interest rates out of the question: RBA
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Property investors have seen a 0% gain in BAKEWELL based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BAKEWELL, 832 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 $390,000
Profits averaged -5.96% per annum over a 3-year period, due to an downward trend in home prices in BAKEWELL, 832.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 5.33%.
An average of 1.75 real estate transactions take place per month in BAKEWELL which translates to 21 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $390,000 | $220,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -6.38% |
| Median 12 month | 5.41% | -6.38% |
| Median 3 years | -17.89% | -26.42% |
| Median 5 years | -25.36% | -45.27% |
| 10 years average annual | -0.62% | -3.49% |
| Weekly media advert. rent | $400 | $330 |
| Time on Market | 99.7 days | 71.2 days |
| Gross Rental Yield Percent | 5.33% | 7.8% |
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