How to navigate rent negotiations
NSW Fair Trading has clarified what landlords in the state can do should they find themselves in a position of negotiating a rental agreemen...
Subscribe to our newsletter
It 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 $335,000
The augmented property values in the suburb are trailing above the territorial average of 1.09% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $380.
Home owners selling their properties and realtors in WEST MACKAY usually have to wait an average of 61.2 days days before their assets are lifted off the market.
The QLD suburb ranks 143rd on the list of best yielding suburbs for rental properties in QLD, posting a 5.9% return.
It also places places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | $242,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 11.49% |
| Median 12 month | 2.06% | N/A |
| Median 3 years | 12.42% | 21.25% |
| Median 5 years | -6.29% | -9.01% |
| 10 years average annual | -0.4% | -1.52% |
| Weekly media advert. rent | $380 | $325 |
| Time on Market | 61.2 days | 68.0 days |
| Gross Rental Yield Percent | 5.9% | 6.97% |
NSW Fair Trading has clarified what landlords in the state can do should they find themselves in a position of negotiating a rental agreemen...
New research has shed light on the current state of the residential real estate market, noting the worst is likely behind us as restrictions...
While the current crisis could exacerbate high mortgage debt, there are currently no signs of distress visible in the housing market, accord...
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
After several weeks of lockdown measures and the beginning of a gradual easing into a “new normal”, how will Sydney – one of Australia...
The week concluding 24 May has seen the highest preliminary auction clearance for the combined capital cities since early March. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
