‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a 3.03% gain in OCEAN GROVE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on OCEAN GROVE, 3226 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.25%.
Based on its average 5-year and quarterly capital gains OCEAN GROVE, 3226 saw average growth in the long term.
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 $680,000
Profits averaged 11.11% per annum over a 3-year period, due to an upward trend in home prices in OCEAN GROVE, 3226.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in OCEAN GROVE, 3226 is 3.21%.
An average of 31.17 real estate transactions take place per month in OCEAN GROVE which translates to 374 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | $600,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | 15.16% |
| Median 12 month | 15.25% | 26.1% |
| Median 3 years | 33.33% | 42.86% |
| Median 5 years | 49.45% | 48.15% |
| 10 years average annual | 6.27% | 7.94% |
| Weekly media advert. rent | $420 | $375 |
| Time on Market | 70.3 days | 93.5 days |
| Gross Rental Yield Percent | 3.21% | 3.25% |
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...