Calls to drop negative gearing met with alternative tax proposal
By removing negative gearing, an industry advocate claims Australians would be losing a part of their investing DNA, and is lobbying instead...
CRAIGIEBURN, 3064 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling CRAIGIEBURN, 3064 values up and netting property investors a capital gain of 20.67% for the past year.
Investors saw the median home price rise to $537,000.
Profits due to an upward trend in home prices in the suburb averaged 13.77% per annum over a 3-year period.
CRAIGIEBURN now ranks at the 461st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CRAIGIEBURN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $370 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CRAIGIEBURN, homes and units usually stay on listing for an average of 54.1 days.
In 2016, 119 properties were sold in CRAIGIEBURN during the past year, making it the 670th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $537,000 | $405,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.56% | N/A |
| Median 12 month | 20.67% | 21.8% |
| Median 3 years | 41.32% | 19.29% |
| Median 5 years | 55.25% | 35% |
| 10 years average annual | 7.35% | 6.02% |
| Weekly media advert. rent | $370 | $330 |
| Time on Market | 54.1 days | 0.0 days |
| Gross Rental Yield Percent | 3.58% | 4.24% |
By removing negative gearing, an industry advocate claims Australians would be losing a part of their investing DNA, and is lobbying instead...
Every aspect of Perth’s rental market over the September 2018 quarter is benefiting property investors as rental supply is down while d...
With stock levels hitting their highest point since 2012, one property researcher claims buyers “are back in the driver’s seat”. ...
Millennials are facing a unique property investment horizon compared to their predecessors. We speak to a Generation Y property educator to ...
Finding the next property markets set to boom can be as easy as looking out into their 'prime neighbours'. Find out how one expert uses only...
While acquiring finance for property has become harder due to recent lending interventions, experts believe that investors can continue to g...