‘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...
A steady increase in median property prices over a five-year period in the suburb translates to a 14.19% capital gain.
Property investors in RED HILL enjoyed capital gains of 4.12% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $885,000.
Profits due to an upward trend in home prices there averaged 4.73% per annum over a 3-year period.
Home owners selling their properties and realtors in RED HILL usually have to wait an average of 51.4 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.23% increase in returns based on the current median price in RED HILL.
RED HILL, 4059 places 323rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $885,000 | $489,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.14% | -14.21% |
| Median 12 month | 4.12% | -4.59% |
| Median 3 years | 14.19% | 8.79% |
| Median 5 years | 36.97% | 12.87% |
| 10 years average annual | 3.96% | 1.68% |
| Weekly media advert. rent | $550 | $372.5 |
| Time on Market | 51.4 days | 83.9 days |
| Gross Rental Yield Percent | 3.23% | 3.96% |
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...