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...
Subscribe to our newsletter
Property investors have seen a 0.1% gain in SEATON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SEATON, 5023 saw average growth in the long term.
The SA 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 $510,500
Profits averaged 1.9% per annum over a 3-year period, due to an upward trend in home prices in SEATON, 5023.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in SEATON, 5023 is 4.28%.
An average of 11.5 real estate transactions take place per month in SEATON which translates to 138 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,500 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.1% | -8.28% |
| Median 12 month | 3.13% | -8.28% |
| Median 3 years | 5.69% | 0% |
| Median 5 years | 17.36% | 5.8% |
| 10 years average annual | 2.56% | 1.87% |
| Weekly media advert. rent | $420 | $300 |
| Time on Market | 61.6 days | 90.8 days |
| Gross Rental Yield Percent | 4.28% | 5.03% |
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. ...
A Perth tradesman has been fined after pleading guilty to carrying out work on a building project without adequate registration. ...
A radical plan to kickstart economic recovery post-COVID-19 could see Australians handed $50,000 for buying a new home. ...
In the race to reach the post-COVID recovery stage as quickly as possible, the necessity is to bring confidence back, writes Mathew Tiller. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
