ATO Set To Scrutinise Landlords’ Tax Returns
The Australian Taxation Office (ATO) has warned landlords to double-check their rental income declarations and deduction...
MEDINDIE, 5081 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling MEDINDIE, 5081 values up and netting property investors a capital gain of 22.04% for the past year.
Investors saw the median home price rise to $1,855,000.
MEDINDIE now ranks at the 194th 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 MEDINDIE 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 $900 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 MEDINDIE, homes and units usually stay on listing for an average of 87.2 days.
In 2016, 18 properties were sold in MEDINDIE during the past year, making it the 366th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.04%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||46.64%||N/A|
|10 years average annual||9.43%||N/A|
|Weekly media advert. rent||$900||N/A|
|Time on Market||87.2 days||N/A|
|Gross Rental Yield Percent||2.52%||N/A|