Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
Property investors have seen a -1.61% drop in NARRE WARREN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARRE WARREN, 3805 saw average growth 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 $610,000
Profits averaged 13.95% per annum over a 3-year period, due to an upward trend in home prices in NARRE WARREN, 3805.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in NARRE WARREN, 3805 is 3.24%.
An average of 27.67 real estate transactions take place per month in NARRE WARREN which translates to 332 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $610,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.61% | -1.64% |
| Median 12 month | 3.04% | 2.44% |
| Median 3 years | 41.86% | 31.25% |
| Median 5 years | 64.86% | 41.77% |
| 10 years average annual | 7.67% | 6.37% |
| Weekly media advert. rent | $380 | $340 |
| Time on Market | 40.9 days | 48.1 days |
| Gross Rental Yield Percent | 3.24% | 4.21% |
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
An update to the consumer price index for the March quarter saw it hold steady and not move at all – which means a May rate cut could be ...
One industry body has continued its calls to establish a dedicated property services commissioner and take away property powers from the NSW...
Fresh research has found that the system for determining infrastructure charges is “poor” and needs to be reworked. ...
Depending on who wins the May 2019 federal elections, property investors could be facing major changes in policies. Smart Property Investmen...
Negative gearing has long been popular as a tax minimisation strategy, allowing investors to offset losses incurred against their taxable in...