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? ...
Based on its average 5-year and quarterly capital gains PIMPAMA, 4209 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PIMPAMA, 4209 obtained a 0.7% growth over a ten-year period. It ranks 3517th on our list of suburbs that property investors should look into.
PIMPAMA, 4209 in QLD belongs to the local government area of Gold Coast (C).
PIMPAMA, 4209 has a capital gain of -6% for the past year, which is lower than average compared to its 3.47% growth within a five-year period.
With the median home price in PIMPAMA sitting at $462,500, and the average rent at $430, property owners could potentially earn a 4.83% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PIMPAMA are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $462,500 | $335,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.6% | -9.46% |
| Median 12 month | -6% | -12.98% |
| Median 3 years | -6.57% | -6.94% |
| Median 5 years | 3.47% | 1.13% |
| 10 years average annual | 0.7% | -0.71% |
| Weekly media advert. rent | $430 | $390 |
| Time on Market | 93.3 days | 92.5 days |
| Gross Rental Yield Percent | 4.83% | 6.05% |
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