Aussie preferences switch towards smaller lenders
Investors are breaking up with the big four banks, preferring the smaller players, new research has shown. ...
NORTH GEELONG, 3215 ranks 1350th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.79% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $483,500.
The upward trend in home prices in NORTH GEELONG, 3215 averaged 15.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 3.66% increase in returns based on the current median price in NORTH GEELONG.
An average of 2.5 real estate transactions take place per month in NORTH GEELONG which translates to 30 per annum.
30 properties were sold in NORTH GEELONG in 2016, making it the 316th most active market in VIC based on total real estate transactions.
NORTH GEELONG, 3215 places 178th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $483,500 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.58% | N/A |
| Median 12 month | 1.79% | N/A |
| Median 3 years | 46.96% | N/A |
| Median 5 years | 54.97% | 129.33% |
| 10 years average annual | 7.98% | N/A |
| Weekly media advert. rent | $340 | $290 |
| Time on Market | 36.4 days | 0.0 days |
| Gross Rental Yield Percent | 3.66% | 3.51% |
Investors are breaking up with the big four banks, preferring the smaller players, new research has shown. ...
Interest rate cuts and changes to mortgage serviceability guidance have not been enough to spark a quarter-on-quarter increase in home loan ...
More Australian investors have got their eyes on interstate property markets, with new research finding 45 per cent are exploring options ou...
The country’s two biggest cities have led the housing market recovery. ...
After years of lacklustre performance, the Perth property market is set to see signs of life growing as the effect of the mining boom dimini...
While Boomer and Millennials tend to disagree, both have similar ideals when it comes to property investment, new research has suggested. ...
Get notifications in real-time for staying up to date with content that matters to you.