Property investment tip: Should investors spend extra on professional fees?
With the property market changing as a result of price declines and regulatory interventions, investors are advised, now more than ever, to ...
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Property investors have seen a -0.71% drop in NORTHGATE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NORTHGATE, 5085 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 $562,000
Profits averaged 0.24% per annum over a 3-year period, due to an upward trend in home prices in NORTHGATE, 5085.
This means, real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
The gross rental yield in NORTHGATE, 5085 is 3.98%.
An average of 3.17 real estate transactions take place per month in NORTHGATE which translates to 38 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $562,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.71% | N/A |
| Median 12 month | -0.84% | N/A |
| Median 3 years | 0.72% | N/A |
| Median 5 years | 6.04% | N/A |
| 10 years average annual | 1% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 53.2 days | N/A |
| Gross Rental Yield Percent | 3.98% | N/A |
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