Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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Property investors have seen a 2.08% gain in COOBER PEDY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COOBER PEDY, 5723 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 $49,000
Profits averaged -17% per annum over a 3-year period, due to an downward trend in home prices in COOBER PEDY, 5723.
This means, real estate investors could earn a rental income of $177.5 based on current median home prices for the suburb.
The gross rental yield in COOBER PEDY, 5723 is 18.84%.
An average of 2.5 real estate transactions take place per month in COOBER PEDY which translates to 30 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $49,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.08% | N/A |
| Median 12 month | -34.67% | N/A |
| Median 3 years | -51% | N/A |
| Median 5 years | -45.56% | N/A |
| 10 years average annual | -2.09% | N/A |
| Weekly media advert. rent | $177.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 18.84% | N/A |
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