Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Property investors have seen a -0.37% drop in WAVELL HEIGHTS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WAVELL HEIGHTS, 4012 saw average growth in the long term.
The QLD suburb 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 $747,250
Profits averaged 3.57% per annum over a 3-year period, due to an upward trend in home prices in WAVELL HEIGHTS, 4012.
This means, real estate investors could earn a rental income of $470 based on current median home prices for the suburb.
The gross rental yield in WAVELL HEIGHTS, 4012 is 3.27%.
An average of 17.17 real estate transactions take place per month in WAVELL HEIGHTS which translates to 206 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $747,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.37% | N/A |
| Median 12 month | 4.55% | N/A |
| Median 3 years | 10.7% | N/A |
| Median 5 years | 19.08% | N/A |
| 10 years average annual | 3.76% | N/A |
| Weekly media advert. rent | $470 | N/A |
| Time on Market | 60.8 days | N/A |
| Gross Rental Yield Percent | 3.27% | N/A |
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