‘Great buying opportunities’ for careful investors looking at new-builds
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...
TUMBY BAY, 5605 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 $255,000.
Profits due to an downward trend in home prices in the suburb averaged -3.92% per annum over a 3-year period.
TUMBY BAY now ranks at the 132nd 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 TUMBY BAY are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $250 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 TUMBY BAY, homes and units usually stay on listing for an average of 180.1 days.
In 2016, 30 properties were sold in TUMBY BAY during the past year, making it the 241st most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $255,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2% | N/A |
| Median 12 month | -8.44% | N/A |
| Median 3 years | -11.76% | N/A |
| Median 5 years | -7.27% | N/A |
| 10 years average annual | 1.51% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 180.1 days | N/A |
| Gross Rental Yield Percent | 5.1% | N/A |
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...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...