What does 2020 have in store for property investors
Following a year of two halves, 2020 could be a strong one for property investors if they look at the data, an industry expert has suggested...
Property investors have seen a 0.25% gain in BREAKWATER based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BREAKWATER, 3219 saw average growth in the long term.
The VIC 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 $399,000
Profits averaged 14.59% per annum over a 3-year period, due to an upward trend in home prices in BREAKWATER, 3219.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in BREAKWATER, 3219 is 4.56%.
An average of 1.67 real estate transactions take place per month in BREAKWATER which translates to 20 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $399,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.25% | N/A |
| Median 12 month | 4.31% | N/A |
| Median 3 years | 43.78% | N/A |
| Median 5 years | 57.71% | N/A |
| 10 years average annual | 6.25% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 30.3 days | N/A |
| Gross Rental Yield Percent | 4.56% | N/A |
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