Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Homeowners and real estate investors betting on THE PATCH, 3792 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.11%.
A steady increase in median property prices over a five-year period in the suburb translates to a 35.39% capital gain.
Property investors in THE PATCH enjoyed capital gains of 11.11% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 due to an upward trend in home prices there averaged 11.8% per annum over a 3-year period.
Home owners selling their properties and realtors in THE PATCH usually have to wait an average of 36.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in THE PATCH.
THE PATCH, 3792 places 163rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.42% | N/A |
| Median 12 month | 11.11% | N/A |
| Median 3 years | 35.39% | N/A |
| Median 5 years | 67.08% | N/A |
| 10 years average annual | 9.33% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 36.6 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
New data has revealed the suburbs that experienced the highest negative growth over 2018. ...
The Liberal government organised a roundtable with many of Australia’s top property experts to discuss what changes to negative gearing an...
Property investor Matthew Preston said that being an efficient investor is all about taking small, manageable steps to meet your goals. He s...
Based on the current trends in the real estate market, Real Estate Business’ Tim Neary believes that technology in property, or ‘prop te...
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...