Negative gearing changes off the table as Morrison holds government
Scott Morrison and the Liberal Party have held government, meaning major cuts to negative gearing and capital gains tax are off the table. ...
Figures from the previous quarter show that capital gains for real estate buyers in ALDGATE are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.92% increase in returns based on the current median price in ALDGATE.
ALDGATE, 5154 ranks 294th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 269th on the list of best yielding suburbs for rental properties in SA, posting a 3.92% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.69% | N/A |
| Median 12 month | -1.48% | N/A |
| Median 3 years | 1.39% | N/A |
| Median 5 years | 14.06% | N/A |
| 10 years average annual | 2.28% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 74.1 days | N/A |
| Gross Rental Yield Percent | 3.92% | N/A |
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