Big bank balance sheets increasingly skewed to mortgages
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Property investors have seen a -2.7% drop in NORWOOD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NORWOOD, 7250 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 $361,000
Profits averaged 4.66% per annum over a 3-year period, due to an upward trend in home prices in NORWOOD, 7250.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in NORWOOD, 7250 is 5.19%.
An average of 6.75 real estate transactions take place per month in NORWOOD which translates to 81 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $361,000 | $274,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | -8.36% |
| Median 12 month | 1.69% | 15.37% |
| Median 3 years | 13.97% | N/A |
| Median 5 years | 20.33% | 22.32% |
| 10 years average annual | 1.75% | 5.54% |
| Weekly media advert. rent | $360 | $277.5 |
| Time on Market | 50.0 days | 81.4 days |
| Gross Rental Yield Percent | 5.19% | 5.27% |
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