‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 21.43% over the last 12 months in MEADOW HEIGHTS, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.79% growth over a ten-year period. It ranks 604th on our list of suburbs that property investors should look into.
MEADOW HEIGHTS, 3048 has a capital gain of 21.43% for the past year, which is higher than average compared to its 64.52% growth within a five-year period.
With the median home price in MEADOW HEIGHTS sitting at $510,000, and the average rent at $360, property owners could potentially earn a 3.67% increase in gross rental yield.
A 21.43% increase in median property prices in MEADOW HEIGHTS, 3048 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 71st.
Figures from the previous quarter show that capital gains for real estate buyers in MEADOW HEIGHTS are low, as opposed to average gains per annum over the past five years.
MEADOW HEIGHTS, 3048 in VIC belongs to the local government area of Hume.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | $390,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.15% | 3.31% |
| Median 12 month | 21.43% | 22.45% |
| Median 3 years | 51.79% | 43.12% |
| Median 5 years | 64.52% | 41.82% |
| 10 years average annual | 7.79% | 6.52% |
| Weekly media advert. rent | $360 | $350 |
| Time on Market | 44.1 days | 31.6 days |
| Gross Rental Yield Percent | 3.67% | 4.67% |
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...