How long can ‘JobKeepers’ afford their rent?
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
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Property investors have seen a 0% gain in ECHUNGA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ECHUNGA, 5153 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 $415,000
Profits averaged -1.89% per annum over a 3-year period, due to an downward trend in home prices in ECHUNGA, 5153.
This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
The gross rental yield in ECHUNGA, 5153 is 4.95%.
An average of 1.08 real estate transactions take place per month in ECHUNGA which translates to 13 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $415,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 1.47% | N/A |
| Median 3 years | -5.68% | N/A |
| Median 5 years | -20.19% | N/A |
| 10 years average annual | 1.76% | N/A |
| Weekly media advert. rent | $395 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.95% | N/A |
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