Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors have seen a -2.7% 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 $1,100,000
Profits averaged 11.93% 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 $600 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 2.84%.
An average of 4.08 real estate transactions take place per month in COLLINGWOOD which translates to 49 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | $520,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | -4.94% |
| Median 12 month | 1.85% | -9.31% |
| Median 3 years | 35.8% | -9.57% |
| Median 5 years | 66.35% | -0.72% |
| 10 years average annual | 7.13% | 1.39% |
| Weekly media advert. rent | $600 | $500 |
| Time on Market | 55.2 days | 59.2 days |
| Gross Rental Yield Percent | 2.84% | 5% |
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