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 14.88% gain in COLLINGWOOD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on COLLINGWOOD, 3066 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.59%.
Based on its average 5-year and quarterly capital gains COLLINGWOOD, 3066 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 $1,100,000
Profits averaged 12.33% per annum over a 3-year period, due to an upward trend in home prices in COLLINGWOOD, 3066.
This means, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 2.98%.
An average of 3.83 real estate transactions take place per month in COLLINGWOOD which translates to 46 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | 14.88% | 0% |
| Median 12 month | 16.59% | 4.46% |
| Median 3 years | 36.98% | 8.75% |
| Median 5 years | 52.57% | -0.85% |
| 10 years average annual | 7.14% | 3.03% |
| Weekly media advert. rent | $630 | $520 |
| Time on Market | 84.7 days | 56.2 days |
| Gross Rental Yield Percent | 2.98% | 4.62% |
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