Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Property investors enjoyed capital gains of 7.14% over the last 12 months in SELBY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in SELBY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 31.44% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in SELBY.
SELBY, 3159 ranks 388th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 617th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $637,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.97% | N/A |
| Median 12 month | 7.14% | N/A |
| Median 3 years | 31.44% | N/A |
| Median 5 years | 70% | N/A |
| 10 years average annual | 6.59% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 25.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
Investors looking to boost their portfolio should consider the buying and yield opportunities in the market during December, according to on...
One of the big four banks has released its price predictions for the year ahead, on the basis of patterns and data from buyers in 2018. ...
Property investors often gravitate towards the bigger markets of Sydney and Melbourne, but one industry boss has expressed "grave concerns" ...
Many property investors are finding it hard to capitalise on the current market due to the tightening of the lending environment across Aust...
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...