Property investors see reduced competition from FHBers
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
EVANSTON, 5116 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 $289,500.
Profits due to an upward trend in home prices in the suburb averaged 1.13% per annum over a 3-year period.
EVANSTON now ranks at the 349th 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 EVANSTON 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 $300 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 EVANSTON, homes and units usually stay on listing for an average of 86.2 days.
In 2016, 52 properties were sold in EVANSTON during the past year, making it the 13th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $289,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.5% | N/A |
| Median 12 month | -6.61% | N/A |
| Median 3 years | 3.39% | N/A |
| Median 5 years | 1.22% | N/A |
| 10 years average annual | 2.15% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 86.2 days | N/A |
| Gross Rental Yield Percent | 5.39% | N/A |
Recent market conditions have meant first-home buyers have had to bow out of the property game, and are expected to return by the end of 201...
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...