Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a 0% gain in PARAFIELD GARDENS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PARAFIELD GARDENS, 5107 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 $340,000
Profits averaged 4.44% per annum over a 3-year period, due to an upward trend in home prices in PARAFIELD GARDENS, 5107.
This means, real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
The gross rental yield in PARAFIELD GARDENS, 5107 is 5.05%.
An average of 17.58 real estate transactions take place per month in PARAFIELD GARDENS which translates to 211 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 3.03% | N/A |
| Median 3 years | 13.33% | N/A |
| Median 5 years | 26.87% | N/A |
| 10 years average annual | 2.46% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 48.9 days | N/A |
| Gross Rental Yield Percent | 5.05% | N/A |
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