Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
PRAHRAN, 3181 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 $1,456,000.
Profits due to an upward trend in home prices in the suburb averaged 5.49% per annum over a 3-year period.
PRAHRAN now ranks at the 616th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PRAHRAN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $655 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 PRAHRAN, homes and units usually stay on listing for an average of 71.8 days.
In 2016, 151 properties were sold in PRAHRAN during the past year, making it the 560th most active market in VIC based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.93%||-2.41%|
|Median 3 years||16.48%||-6.61%|
|Median 5 years||75.42%||3.16%|
|10 years average annual||6.34%||3.02%|
|Weekly media advert. rent||$655||$407.5|
|Time on Market||71.8 days||64.5 days|
|Gross Rental Yield Percent||2.34%||4.19%|
Following months of questions, the final report into Sydney’s Opal Tower has been released by the NSW government, and while those with pro...
An updated set of data has revealed a divide in Sydney that is determining how much Sydney property owners are paying for tradies. ...
The last five years has seen an emergence of technology in property management that has totally transformed the landscape of how this area...
Regulatory interventions have significantly affected the movements of the property market in 2018 and, moving forward, one expert believes t...
In an environment where the biggest issue can be an overload of too much contradicting information, how do you figure out what is accurate a...