Property market update: Sydney, March 2020
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
Subscribe to our newsletter
Property investments in ASCOT fare well against the rest of the country last year, registering a median home price increase of -10%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains ASCOT, 4007 saw average growth in the long term.
Real estate investors could earn a rental income of $900 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 85.6 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,440,000.
ASCOT ranks 728th on the list of best yielding suburbs for rental properties in QLD, posting a 3.25% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,440,000 | $478,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2.49% | 5.28% |
| Median 12 month | -10% | 5.16% |
| Median 3 years | 4.35% | 7.53% |
| Median 5 years | 3.41% | 10% |
| 10 years average annual | 3.8% | 2.17% |
| Weekly media advert. rent | $900 | $395 |
| Time on Market | 85.6 days | 99.3 days |
| Gross Rental Yield Percent | 3.25% | 4.29% |
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
New research has highlighted how the nation’s rural markets are performing amid the coronavirus pandemic. ...
The market fallout of the banning of on-site auctions has continued, with 45 per cent of auctions withdrawn from sale last week, according t...
Wondering how your tenant might request a change to their rental agreement? Or what kind of information such correspondence should contain? ...
The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for April following a rare out of cycle cash rate r...
Prime Minister Scott Morrison has revealed that the national cabinet has reached agreement on a mandatory code for the provision of rent rel...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
