Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $858,500.
The upward trend in home prices in WEST FOOTSCRAY, 3012 averaged 9.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.73% increase in returns based on the current median price in WEST FOOTSCRAY.
An average of 10.17 real estate transactions take place per month in WEST FOOTSCRAY which translates to 122 per annum.
122 properties were sold in WEST FOOTSCRAY in 2016, making it the 659th most active market in VIC based on total real estate transactions.
WEST FOOTSCRAY, 3012 places 426th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $858,500 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.89% | 8.86% |
| Median 12 month | -2.33% | 2.87% |
| Median 3 years | 28.6% | -3.37% |
| Median 5 years | 57.52% | 14.67% |
| 10 years average annual | 7.36% | 5.73% |
| Weekly media advert. rent | $450 | $340 |
| Time on Market | 55.4 days | 56.5 days |
| Gross Rental Yield Percent | 2.73% | 4.11% |
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
An examination of ABS data has found a rising trend of taller apartment buildings, providing an insight into what Australia’s future unit ...
New transport infrastructure spending is set to benefit one coastal suburb in Western Australia, which has been labelled one of the best sub...
Going into a market that is yet to fully recover could pose a risk, but there are strong opportunities in one recovering capital city, accor...
Experts believe that Labor’s proposal to change tax policies can cause significant impact to the property market. How can investors prepar...
The results of a new report show that Melbourne suburbs were quite prominent in the country’s top hotspots for building approvals and popu...