ATO Set To Scrutinise Landlords’ Tax Returns
The Australian Taxation Office (ATO) has warned landlords to double-check their rental income declarations and deduction...
Property investments in TWO WELLS did not fare well against the rest of the country last year, registering a median home price decrease of 4.77%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains TWO WELLS, 5501 saw average growth in the long term.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 50.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $505,501.
TWO WELLS ranks 482nd on the list of best yielding suburbs for rental properties in SA, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.77%||N/A|
|Median 3 years||14.89%||N/A|
|Median 5 years||21.81%||N/A|
|10 years average annual||3.02%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||50.6 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|