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, the suburb saw average decrease in the long term.
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 $205,000.
The downward trend in home prices in SUNSET, 4825 averaged -8.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $385 mark, reflecting a 9.77% increase in returns based on the current median price in SUNSET.
An average of 1.75 real estate transactions take place per month in SUNSET which translates to 21 per annum.
21 properties were sold in SUNSET in 2016, making it the 533rd most active market in QLD based on total real estate transactions.
SUNSET, 4825 places 799th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $205,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -8.89% | N/A |
| Median 12 month | -21.15% | N/A |
| Median 3 years | -26.13% | N/A |
| Median 5 years | -42.66% | N/A |
| 10 years average annual | -3.46% | N/A |
| Weekly media advert. rent | $385 | N/A |
| Time on Market | 155.6 days | N/A |
| Gross Rental Yield Percent | 9.77% | N/A |
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
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