What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
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 $1,245,000.
The upward trend in home prices in BOX HILL SOUTH, 3128 averaged 2.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 2.17% increase in returns based on the current median price in BOX HILL SOUTH.
An average of 7.42 real estate transactions take place per month in BOX HILL SOUTH which translates to 89 per annum.
89 properties were sold in BOX HILL SOUTH in 2016, making it the 33rd most active market in VIC based on total real estate transactions.
BOX HILL SOUTH, 3128 places 591st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,245,000 | $690,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.39% | -2.82% |
| Median 12 month | -11.32% | -9.8% |
| Median 3 years | 8.73% | -8% |
| Median 5 years | 58.6% | 13.11% |
| 10 years average annual | 8.77% | 5.47% |
| Weekly media advert. rent | $520 | $495 |
| Time on Market | 55.7 days | 59.3 days |
| Gross Rental Yield Percent | 2.17% | 3.73% |
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Home values continued to ease across the majority of Australian capital cities last week, except for one which managed to hold steady. ...
Updated figures from the WA state government has revealed that there are over $100 billion-worth of upcoming projects for the state, and one...
Property owners in Queensland have up until the end of the working week to make sure they comply with combustible cladding regulations. ...
In this episode of the Smart Property Investment Show, host Phil Tarrant talks with Simon Pressley, head of research at Propertyology, about...
Labor’s negative gearing and capital gains tax policy changes could have significant impacts for property investors, according to a tax e...