The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
Property investors have seen a -1.67% drop in ESSENDON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON, 3040 saw average growth in the long term.
The VIC 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 $1,470,000
Profits averaged 11.01% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 3040.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in ESSENDON, 3040 is 1.98%.
An average of 15.75 real estate transactions take place per month in ESSENDON which translates to 189 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5%||-0.36%|
|Median 3 years||33.03%||-6.56%|
|Median 5 years||69.94%||2.79%|
|10 years average annual||7.37%||3.34%|
|Weekly media advert. rent||$560||$380|
|Time on Market||44.1 days||79.3 days|
|Gross Rental Yield Percent||1.98%||4.05%|
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