Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
A steady increase in median property prices over a five-year period in the suburb translates to a -37.52% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $860,000
The augmented property values in the suburb are trailing behind the territorial average of 1.87% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in FORTITUDE VALLEY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The QLD suburb ranks 763rd on the list of best yielding suburbs for rental properties in QLD, posting a 2.9% return.
It also places places 35th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $860,000 | $375,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.86% | 0% |
| Median 12 month | -14.21% | -5.6% |
| Median 3 years | -37.52% | -16.67% |
| Median 5 years | 10.26% | -11.61% |
| 10 years average annual | -14.21% | 0.16% |
| Weekly media advert. rent | $480 | $425 |
| Time on Market | 0.0 days | 98.5 days |
| Gross Rental Yield Percent | 2.9% | 5.89% |
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