The $8 billion tax cash splash and what it means for property values
Australians are cashing in on the federal government's tax cuts and handouts. Here's what it means for local markets. ...
Property investors have seen a -13.2% drop in COLLINGWOOD based on a decrease in median home prices for the past three months.
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 $937,000
Profits averaged 2.32% 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 $650 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 3.61%.
An average of 5.08 real estate transactions take place per month in COLLINGWOOD which translates to 61 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $937,000 | $540,000 |
| GROWTH REPORT | ||
| Median Quarterly | -13.2% | 4.36% |
| Median 12 month | -15.89% | -5.41% |
| Median 3 years | 6.96% | -0.92% |
| Median 5 years | 33.38% | 9.09% |
| 10 years average annual | 6.52% | 2.22% |
| Weekly media advert. rent | $650 | $500 |
| Time on Market | 62.9 days | 54.8 days |
| Gross Rental Yield Percent | 3.61% | 4.81% |
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