What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Property investors have seen a 3.1% gain in SCAMANDER based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SCAMANDER, 7215 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 13.58%.
Based on its average 5-year and quarterly capital gains SCAMANDER, 7215 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 $299,000
Profits averaged 10% per annum over a 3-year period, due to an upward trend in home prices in SCAMANDER, 7215.
This means, real estate investors could earn a rental income of $277.5 based on current median home prices for the suburb.
The gross rental yield in SCAMANDER, 7215 is 4.83%.
An average of 3.17 real estate transactions take place per month in SCAMANDER which translates to 38 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $299,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.1% | N/A |
| Median 12 month | 13.58% | N/A |
| Median 3 years | 30% | N/A |
| Median 5 years | 12.3% | N/A |
| 10 years average annual | 5.62% | N/A |
| Weekly media advert. rent | $277.5 | N/A |
| Time on Market | 97.0 days | N/A |
| Gross Rental Yield Percent | 4.83% | N/A |
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