Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
The suburb’s capital gain of 0.89% for the past year is higher than average compared to its -11.16% growth within a five-year period.
Also in PORT AUGUSTA, the median home price is sitting at $141,250, and the average rent at $220, this suggests property owners could potentially earn a 8.1% increase in gross rental yield.
Property investors have seen a -0.88% drop in PORT AUGUSTA based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a -2.23% decrease over a ten-year period. It ranks 4031st on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $141,250 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.88% | N/A |
| Median 12 month | 0.89% | N/A |
| Median 3 years | -11.72% | N/A |
| Median 5 years | -11.16% | N/A |
| 10 years average annual | -2.23% | N/A |
| Weekly media advert. rent | $220 | N/A |
| Time on Market | 104.7 days | N/A |
| Gross Rental Yield Percent | 8.1% | N/A |
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