‘Wealth taxes’ in property prompt lobbying for new minister
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
Property investors enjoyed capital gains of 3.11% over the last 12 months in GILLEN, translating to lower returns compared with its peers in NT.
Figures from the previous quarter show that capital gains for real estate buyers in GILLEN are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
On average, rents on listings have reached the $520 mark, reflecting a 6.28% increase in returns based on the current median price in GILLEN.
GILLEN, 870 ranks 10th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 10th on the list of best yielding suburbs for rental properties in NT, posting a 6.28% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,500 | $314,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.91% | 0.32% |
| Median 12 month | 3.11% | -2.03% |
| Median 3 years | -2.49% | -1.26% |
| Median 5 years | 1.29% | 8.28% |
| 10 years average annual | 4.42% | 6.19% |
| Weekly media advert. rent | $520 | $400 |
| Time on Market | 90.6 days | 99.0 days |
| Gross Rental Yield Percent | 6.28% | 6.62% |
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
Prioritising equity and capital growth in a softening market? One investor shares his buying strategy for maximising equity in a portfolio....
Fresh data reveals capital city vacancy rates were relatively steady over September, with the majority tightening slightly. House rents was ...
I’ve bought and sold hundreds of properties to date and I can say with confidence: the idea that you can’t have a balance of return and ...
Perth’s property market saw affordability improve over the September 2018 quarter with a slight softening of house and unit prices, accord...
High-end properties are softening in price, but investing too heavily in blue-chip areas can actually harm your cash flow. One buyer's agen...