Big incentives for property investors under new housing package
As part of its housing affordability plans, the federal opposition has announced its plans to incentivise property investors should it come ...
Property investments in UPPER FERNTREE GULLY did not fare well against the rest of the country last year, registering a median home price decrease of 2.93%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains UPPER FERNTREE GULLY, 3156 saw average growth in the long term.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 52.9 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $685,500.
UPPER FERNTREE GULLY ranks 294th on the list of best yielding suburbs for rental properties in VIC, posting a 3.19% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $685,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.93% | N/A |
| Median 12 month | 2.93% | N/A |
| Median 3 years | 33.11% | N/A |
| Median 5 years | 61.77% | N/A |
| 10 years average annual | 6.9% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 52.9 days | N/A |
| Gross Rental Yield Percent | 3.19% | N/A |
As part of its housing affordability plans, the federal opposition has announced its plans to incentivise property investors should it come ...
The majority of Australia’s capital cities recorded value declines over the last week, new data reveals. ...
Despite the current marketing softening, there is still space for developers and investors to find solid returns if they're strategic with t...
Over the holiday season, it can be more difficult to keep control over your spending. However, saving for a property doesn’t mean you have...
Amid a tight lending environment and the financial services royal commission, should investors continue to seek financing from major banks o...
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...