Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The suburb’s capital gain of 1.89% for the past year is lower than average compared to its 13.1% growth within a five-year period.
Also in RACEVIEW, the median home price is sitting at $323,000, and the average rent at $340, this suggests property owners could potentially earn a 5.47% increase in gross rental yield.
Property investors have seen a 1.1% gain in RACEVIEW based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 0.5% growth over a ten-year period. It ranks 3663rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $323,000 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.1% | -1.38% |
| Median 12 month | 1.89% | -1.38% |
| Median 3 years | 5.21% | 22.58% |
| Median 5 years | 13.1% | 20.76% |
| 10 years average annual | 0.5% | 0.89% |
| Weekly media advert. rent | $340 | $295 |
| Time on Market | 64.3 days | 144.1 days |
| Gross Rental Yield Percent | 5.47% | 5.38% |
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...
One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...
Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...
Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...