Why diversification is the key to success as a property investor
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $475,000.
The downward trend in home prices in EAST SIDE, 870 averaged -1.79% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 5.8% increase in returns based on the current median price in EAST SIDE.
An average of 3.42 real estate transactions take place per month in EAST SIDE which translates to 41 per annum.
41 properties were sold in EAST SIDE in 2016, making it the 6th most active market in NT based on total real estate transactions.
EAST SIDE, 870 places 41st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $475,000 | $300,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.71% | 14.29% |
| Median 12 month | -4.23% | -4.76% |
| Median 3 years | -5.38% | -7.69% |
| Median 5 years | -6.86% | 7.53% |
| 10 years average annual | 0.56% | -0.29% |
| Weekly media advert. rent | $530 | $400 |
| Time on Market | 105.9 days | 0.0 days |
| Gross Rental Yield Percent | 5.8% | 6.93% |
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
The combined capital city preliminary auction clearance rate improved this week as volumes rose across major capital city markets, led by ac...
An increasing amount of first home buyers are calling Sydney’s north west home, with apartment sales spiking in the area. ...
Time and time again, Perth has proven its resilience as a property market despite economic turbulence. Will the Western Australian capital c...
New research has shown that more than a third of investors would consider refinancing to a new lender to secure interest rates even just h...
“Loyalty tax” stands as one of the hidden charges on mortgage holders, who could be blindly loyal to their bank and paying for it withou...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment