Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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The 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 $420,000.
Profits due to an upward trend in home prices there averaged 1.67% per annum over a 3-year period.
Home owners selling their properties and realtors in MARIAN usually have to wait an average of 68.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 5.2% increase in returns based on the current median price in MARIAN.
MARIAN, 4753 places 491st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $420,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.59% | N/A |
| Median 12 month | -5.08% | N/A |
| Median 3 years | 5% | N/A |
| Median 5 years | -9.68% | N/A |
| 10 years average annual | 0.76% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 68.8 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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