$18m investor shares his ‘life-changing’ first investment
Since we talked to him about his investments last year, investor Scott O’Neill has seen his portfolio rise by nearly $7 million, but where...
Property investments in BURPENGARY fare well against the rest of the country last year, registering a median home price increase of 11.19%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BURPENGARY, 4505 saw average growth in the long term.
Real estate investors could earn a rental income of $397.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 62.1 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $457,000.
BURPENGARY ranks 420th on the list of best yielding suburbs for rental properties in QLD, posting a 4.52% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.19%||9.13%|
|Median 3 years||10.25%||-12.41%|
|Median 5 years||28.73%||0.79%|
|10 years average annual||2.42%||0.07%|
|Weekly media advert. rent||$397.5||$300|
|Time on Market||62.1 days||101.5 days|
|Gross Rental Yield Percent||4.52%||6.14%|
The president of the Real Estate Institute of Australia has concerns about investors who are in the current market for a quick win, and is f...
Housing affordability in key capital city markets is showing signs of life after several years of rapid deterioration, according to a nation...
While spring is traditionally when property owners treat their homes to a bit of ‘spit and polish’, it’s also an ideal time to give in...
Property lecturer and Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos shares the suburbs set to grow in each c...
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...