RBA bearish on investment outlook
The Reserve Bank of Australia has revised its outlook for dwelling investment as the second lockdown in Victoria is likely to have sharper d...
Property investors have seen a 3.7% gain in BRIGHTON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BRIGHTON, 7030 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 10.34%.
Based on its average 5-year and quarterly capital gains BRIGHTON, 7030 saw average growth in the long term.
The TAS 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 $392,000
Profits averaged 8.82% per annum over a 3-year period, due to an upward trend in home prices in BRIGHTON, 7030.
This means, real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
The gross rental yield in BRIGHTON, 7030 is 5.44%.
An average of 5 real estate transactions take place per month in BRIGHTON which translates to 60 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $392,000 | $295,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.7% | 2.61% |
| Median 12 month | 10.34% | 5.36% |
| Median 3 years | 26.45% | 34.09% |
| Median 5 years | 38.03% | 41.15% |
| 10 years average annual | 3.24% | 3.36% |
| Weekly media advert. rent | $410 | $350 |
| Time on Market | 39.0 days | 23.8 days |
| Gross Rental Yield Percent | 5.44% | 6.17% |
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