Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
KOOYONG, 3144 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 $1,575,000.
Profits due to an downward trend in home prices in the suburb averaged -17.89% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $900 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KOOYONG, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 10 properties were sold in KOOYONG during the past year, making it the 742nd most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,575,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | -53.68% | N/A |
| Median 5 years | 25% | N/A |
| 10 years average annual | -18.88% | N/A |
| Weekly media advert. rent | $900 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.97% | N/A |
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