Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors have seen a -9.38% drop in CLARE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CLARE, 5453 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 $290,000
Profits averaged -1.64% per annum over a 3-year period, due to an downward trend in home prices in CLARE, 5453.
This means, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
The gross rental yield in CLARE, 5453 is 5.2%.
An average of 6.5 real estate transactions take place per month in CLARE which translates to 78 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $290,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -9.38% | N/A |
| Median 12 month | -3.17% | N/A |
| Median 3 years | -4.92% | N/A |
| Median 5 years | 5.17% | N/A |
| 10 years average annual | 1.67% | N/A |
| Weekly media advert. rent | $290 | N/A |
| Time on Market | 142.5 days | N/A |
| Gross Rental Yield Percent | 5.2% | N/A |
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