4 Things Borrowers Can Do With An Increase In Equity
Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
Property investors have seen a 10.29% gain in DARRA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains DARRA, 4076 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $445,000
Profits averaged 3.75% per annum over a 3-year period, due to an upward trend in home prices in DARRA, 4076.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in DARRA, 4076 is 4.21%.
An average of 3.75 real estate transactions take place per month in DARRA which translates to 45 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.88%||N/A|
|Median 3 years||11.25%||N/A|
|Median 5 years||-0.11%||N/A|
|10 years average annual||2.69%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||53.3 days||N/A|
|Gross Rental Yield Percent||4.21%||N/A|