Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors enjoyed capital gains of 11.7% over the last 12 months in BURWOOD, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in BURWOOD are low, as opposed to average gains per annum over the past five years.
The suburb posted a 9.77% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 1.82% increase in returns based on the current median price in BURWOOD.
BURWOOD, 3125 ranks 595th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 541st on the list of best yielding suburbs for rental properties in VIC, posting a 1.82% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.7%||5.19%|
|Median 3 years||9.77%||24.21%|
|Median 5 years||19.1%||20.73%|
|10 years average annual||7.07%||4.96%|
|Weekly media advert. rent||$500||$400|
|Time on Market||60.9 days||89.9 days|
|Gross Rental Yield Percent||1.82%||2.47%|