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? ...
Property investors enjoyed capital gains of 8% over the last 12 months in BERRIEDALE, translating to lower returns compared with its peers in TAS.
A survey of average capital gains or median home price increase in suburbs across the country shows that the TAS suburb obtained a 5.79% growth over a ten-year period. It ranks 1081st on our list of suburbs that property investors should look into.
BERRIEDALE, 7011 has a capital gain of 8% for the past year, which is lower than average compared to its 47.27% growth within a five-year period.
With the median home price in BERRIEDALE sitting at $405,000, and the average rent at $420, property owners could potentially earn a 5.39% increase in gross rental yield.
A 8% increase in median property prices in BERRIEDALE, 7011 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 95th.
Figures from the previous quarter show that capital gains for real estate buyers in BERRIEDALE are low, as opposed to average gains per annum over the past five years.
BERRIEDALE, 7011 in TAS belongs to the local government area of Glenorchy (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $405,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.53% | N/A |
| Median 12 month | 8% | N/A |
| Median 3 years | 31.92% | N/A |
| Median 5 years | 47.27% | N/A |
| 10 years average annual | 5.79% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 19.0 days | N/A |
| Gross Rental Yield Percent | 5.39% | N/A |
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