Why diversification is the key to success as a property investor
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
HEATHCOTE, 3523 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling HEATHCOTE, 3523 values up and netting property investors a capital gain of 1.49% for the past year.
Investors saw the median home price rise to $340,000.
Profits due to an upward trend in home prices in the suburb averaged 9.43% per annum over a 3-year period.
HEATHCOTE now ranks at the 583rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in HEATHCOTE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HEATHCOTE, homes and units usually stay on listing for an average of 120.4 days.
In 2016, 41 properties were sold in HEATHCOTE during the past year, making it the 255th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $340,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | 1.49% | N/A |
| Median 3 years | 28.3% | N/A |
| Median 5 years | 29.77% | N/A |
| 10 years average annual | 4.82% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 120.4 days | N/A |
| Gross Rental Yield Percent | 4.59% | N/A |
Diversification is being dubbed as one of the most important considerations to have as a property investor. Here’s how to ensure you’re ...
The combined capital city preliminary auction clearance rate improved this week as volumes rose across major capital city markets, led by ac...
An increasing amount of first home buyers are calling Sydney’s north west home, with apartment sales spiking in the area. ...
Time and time again, Perth has proven its resilience as a property market despite economic turbulence. Will the Western Australian capital c...
New research has shown that more than a third of investors would consider refinancing to a new lender to secure interest rates even just h...
“Loyalty tax” stands as one of the hidden charges on mortgage holders, who could be blindly loyal to their bank and paying for it withou...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment