How property investors can claim $9k in deductions
Claiming tax back can be a tricky minefield to navigate, but one depreciation specialist believes new property investments can hold almost $...
Â
Â
MITCHELL PARK, 5043 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 $460,000.
Profits due to an upward trend in home prices in the suburb averaged 2.53% per annum over a 3-year period.
MITCHELL PARK now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in MITCHELL PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MITCHELL PARK, homes and units usually stay on listing for an average of 62.2 days.
In 2016, 69 properties were sold in MITCHELL PARK during the past year, making it the 55th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $460,000 | $400,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0.13% |
| Median 12 month | -1.08% | 16.93% |
| Median 3 years | 7.6% | 23.23% |
| Median 5 years | 15% | 25.75% |
| 10 years average annual | 2.41% | 4.56% |
| Weekly media advert. rent | $400 | $322.5 |
| Time on Market | 62.2 days | 88.9 days |
| Gross Rental Yield Percent | 4.52% | 4.19% |
Claiming tax back can be a tricky minefield to navigate, but one depreciation specialist believes new property investments can hold almost $...
The expectations of renters are set to evolve as urban residential design does. Here are what investors need to know about what’s in the p...
The warmer weather has driven Sydney vacancy rates down, new data from the Real Estate Institute of NSW reveals. ...
After getting his tips as a buyer's agent, Smart Property Investment had a chat to Ben Handler about his personal property portfolio and hi...
While experts believe that most property investors will be fine as lending interventions are implemented, first-home buyers could be taking ...
Over 1,000 requests to access superannuation have been made to the Tax Office by first home buyers, under a scheme first introduced in last ...