Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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Property investors have seen a 0.08% gain in BURNSIDE HEIGHTS based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BURNSIDE HEIGHTS, 3023 saw average growth in the long term.
The VIC 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 $597,000
Profits averaged 4.21% per annum over a 3-year period, due to an upward trend in home prices in BURNSIDE HEIGHTS, 3023.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in BURNSIDE HEIGHTS, 3023 is 3.92%.
An average of 4.33 real estate transactions take place per month in BURNSIDE HEIGHTS which translates to 52 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $597,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.08% | N/A |
| Median 12 month | -5.24% | N/A |
| Median 3 years | 12.64% | N/A |
| Median 5 years | 34.92% | N/A |
| 10 years average annual | 5.51% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 39.5 days | N/A |
| Gross Rental Yield Percent | 3.92% | N/A |
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