Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
CROYDON, 5008 ranks 806th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.98% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $661,000.
Average weekly rents on listings have reached the $350 mark, reflecting a 2.75% increase in returns based on the current median price in CROYDON.
An average of 1.42 real estate transactions take place per month in CROYDON which translates to 17 per annum.
17 properties were sold in CROYDON in 2016, making it the 77th most active market in SA based on total real estate transactions.
CROYDON, 5008 places 94th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $661,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.93% | N/A |
| Median 12 month | 9.98% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 35.45% | N/A |
| 10 years average annual | 4.24% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 36.7 days | N/A |
| Gross Rental Yield Percent | 2.75% | N/A |
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