$18m investor shares his ‘life-changing’ first investment
Since we talked to him about his investments last year, investor Scott O’Neill has seen his portfolio rise by nearly $7 million, but where...
The VIC 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 $780,475
Profits averaged 4.54% per annum over a 3-year period, due to an upward trend in home prices in NEWTOWN, 3220.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.67%.
An average of 18.58 real estate transactions take place per month in NEWTOWN which translates to 223 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $780,475 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 1.2% |
| Median 12 month | 3.37% | 3.7% |
| Median 3 years | 13.61% | 18.81% |
| Median 5 years | 22.91% | 20% |
| 10 years average annual | 3.58% | 6.48% |
| Weekly media advert. rent | $400 | $315 |
| Time on Market | 68.0 days | 68.4 days |
| Gross Rental Yield Percent | 2.67% | 3.9% |
Since we talked to him about his investments last year, investor Scott O’Neill has seen his portfolio rise by nearly $7 million, but where...
The president of the Real Estate Institute of Australia has concerns about investors who are in the current market for a quick win, and is f...
Housing affordability in key capital city markets is showing signs of life after several years of rapid deterioration, according to a nation...
While spring is traditionally when property owners treat their homes to a bit of ‘spit and polish’, it’s also an ideal time to give in...
Property lecturer and Property Investment Professionals of Australia (PIPA) chairman Peter Koulizos shares the suburbs set to grow in each c...
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...