BLOG: Make sure your property manager isn’t taking you for a ride
We have some exceptional property managers who do the heavy lifting for us in our portfolios. They’re a very important part of our asset m...
Homeowners and real estate investors betting on SPOTSWOOD, 3015 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.98%.
A steady increase in median property prices over a five-year period in the suburb translates to a 49.53% capital gain.
Property investors in SPOTSWOOD enjoyed capital gains of 11.98% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $1,040,000.
Profits due to an upward trend in home prices there averaged 16.51% per annum over a 3-year period.
Home owners selling their properties and realtors in SPOTSWOOD usually have to wait an average of 85.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $490 mark, reflecting a 2.45% increase in returns based on the current median price in SPOTSWOOD.
SPOTSWOOD, 3015 places 485th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.98%||18.82%|
|Median 3 years||49.53%||58.62%|
|Median 5 years||62.5%||51.62%|
|10 years average annual||7.25%||7.45%|
|Weekly media advert. rent||$490||$415|
|Time on Market||85.8 days||0.0 days|
|Gross Rental Yield Percent||2.45%||3.3%|
The Federal Court has imposed a record penalty against a property spruiker and his firm for false or misleading representations about how pe...
Laws and regulations are making it easier for tenants to keep pets in your investment property. Here are five ways you can pet-proof and pro...
Despite the softening of major property markets, particularly Sydney and Melbourne, experts believe that investment opportunities remain for...
Fresh data shows the apartment market is continuing to evolve and subdue, based on a series of factors including supply, sentiment and finan...
Sydney's South-West is the beneficiary of major government spend and redevelopment, and some of its suburbs have seen double-digit growth in...