How to refinance a rental property
There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...
Property investors enjoyed capital gains of 9% over the last 12 months in OAKDOWNS, translating to lower returns compared with its peers in TAS.
Figures from the previous quarter show that capital gains for real estate buyers in OAKDOWNS are low, as opposed to average gains per annum over the past five years.
The suburb posted a 35.91% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
On average, rents on listings have reached the $460 mark, reflecting a 4.39% increase in returns based on the current median price in OAKDOWNS.
OAKDOWNS, 7019 ranks 86th in TAS in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 81st on the list of best yielding suburbs for rental properties in TAS, posting a 4.39% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | $399,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.11% | 7.84% |
| Median 12 month | 9% | 7.26% |
| Median 3 years | 35.91% | 33% |
| Median 5 years | 53.63% | 46.96% |
| 10 years average annual | 4.81% | 4.05% |
| Weekly media advert. rent | $460 | $400 |
| Time on Market | 39.2 days | 28.1 days |
| Gross Rental Yield Percent | 4.39% | 5.21% |
There are great deals around the market at the moment for new lending, and in particular, new lending to investors. The only way to fully sh...
The recent reduction of a number of “floor rates” to under 5 per cent could see vendors receiving strong sales up to Christmas and again...
Listings of short-stay rentals on Airbnb and other similar platforms have more than halved – shedding 17,000 properties – in the major m...
While most of the smaller capital cities thrived amid the COVID-19 virus, Sydney, Melbourne and Brisbane found themselves with a mixed bag o...
As bigger capital cities’ rents continue to fall, Perth rent values have soared annually, according to CoreLogic. ...
What are tenancy databases and why should you use them as a landlord? ...
Get notifications in real-time for staying up to date with content that matters to you.
