Government urged to provide stimulus for building sector
As the nation recovers from the COVID-19 pandemic, property professionals urge the federal government to provide a stimulus package for the ...
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Property investors have seen a 2.45% 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 $335,000
Profits averaged 2.69% 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 $350 based on current median home prices for the suburb.
The gross rental yield in PARAFIELD GARDENS, 5107 is 5.43%.
An average of 15.5 real estate transactions take place per month in PARAFIELD GARDENS which translates to 186 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $335,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.45% | N/A |
| Median 12 month | -1.47% | N/A |
| Median 3 years | 8.06% | N/A |
| Median 5 years | 15.52% | N/A |
| 10 years average annual | 1.9% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 56.1 days | N/A |
| Gross Rental Yield Percent | 5.43% | N/A |
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