Big opportunities for property investors in 2019, expert tips
Labor’s negative gearing plans and softening house prices are creating a prime market for savvy investors, according to one expert. ...
CHELSEA HEIGHTS, 3196 ranks 726th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.02% for property investors.
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 $781,000.
The upward trend in home prices in CHELSEA HEIGHTS, 3196 averaged 15.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3% increase in returns based on the current median price in CHELSEA HEIGHTS.
An average of 4.5 real estate transactions take place per month in CHELSEA HEIGHTS which translates to 54 per annum.
54 properties were sold in CHELSEA HEIGHTS in 2016, making it the 174th most active market in VIC based on total real estate transactions.
CHELSEA HEIGHTS, 3196 places 302nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.02%||28.84%|
|Median 3 years||45.98%||55.02%|
|Median 5 years||68.64%||83.14%|
|10 years average annual||7.9%||6.28%|
|Weekly media advert. rent||$450||$397.5|
|Time on Market||33.3 days||0.0 days|
|Gross Rental Yield Percent||3%||3.22%|
Vacancy rates are starting to rise back after last month’s decline, new data shows. ...
Home values continued their continued decline over the last week, with the exception of one capital city holding steady, the latest data sho...
New housing supply will likely be impacted by a changing financing market for property investors, an industry boss predicts. ...
As most capital city property markets follow a downward trend, Queensland’s capital Brisbane continues to thrive through its strong local ...
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...