How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
Property investors have seen a -1.28% drop in LONGFORD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LONGFORD, 7301 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 $385,000
Profits averaged 12.5% per annum over a 3-year period, due to an upward trend in home prices in LONGFORD, 7301.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in LONGFORD, 7301 is 4.73%.
An average of 7.33 real estate transactions take place per month in LONGFORD which translates to 88 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.83%||0.59%|
|Median 3 years||37.5%||14.42%|
|Median 5 years||40%||20.2%|
|10 years average annual||4.36%||0.96%|
|Weekly media advert. rent||$350||$290|
|Time on Market||48.1 days||66.2 days|
|Gross Rental Yield Percent||4.73%||5.07%|