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...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $2,052,500.
The upward trend in home prices in SURREY HILLS, 3127 averaged 9.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $680 mark, reflecting a 1.72% increase in returns based on the current median price in SURREY HILLS.
An average of 10.83 real estate transactions take place per month in SURREY HILLS which translates to 130 per annum.
130 properties were sold in SURREY HILLS in 2016, making it the 617th most active market in VIC based on total real estate transactions.
SURREY HILLS, 3127 places 539th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,052,500 | $790,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.91% | -2.35% |
| Median 12 month | 7.46% | -1.56% |
| Median 3 years | 29.01% | 12.86% |
| Median 5 years | 75.58% | 31.67% |
| 10 years average annual | 8% | 5.42% |
| Weekly media advert. rent | $680 | $450 |
| Time on Market | 71.4 days | 60.2 days |
| Gross Rental Yield Percent | 1.72% | 2.96% |
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...