Responsible lending leeway ‘put to the test’ by COVID-19
The COVID-19 crisis will bring to light the effectiveness of principles-based responsible lending guidance, according to ASIC chair James Sh...
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Property investors have seen a -2.06% drop in TERANG based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains TERANG, 3264 saw average decrease 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 $190,000
Profits averaged 7.53% per annum over a 3-year period, due to an upward trend in home prices in TERANG, 3264.
This means, real estate investors could earn a rental income of $275 based on current median home prices for the suburb.
The gross rental yield in TERANG, 3264 is 7.53%.
An average of 3.83 real estate transactions take place per month in TERANG which translates to 46 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $190,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.06% | N/A |
| Median 12 month | -2.06% | N/A |
| Median 3 years | 22.58% | N/A |
| Median 5 years | -2.56% | N/A |
| 10 years average annual | 2.79% | N/A |
| Weekly media advert. rent | $275 | N/A |
| Time on Market | 89.8 days | N/A |
| Gross Rental Yield Percent | 7.53% | N/A |
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