‘Wealth taxes’ in property prompt lobbying for new minister
A minister for property who cracks down on excessive and cumbersome “wealth” taxes should be considered by the federal government, acco...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $253,000.
The upward trend in home prices in MAFFRA, 3860 averaged 8.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 5.34% increase in returns based on the current median price in MAFFRA.
An average of 7.33 real estate transactions take place per month in MAFFRA which translates to 88 per annum.
88 properties were sold in MAFFRA in 2016, making it the 36th most active market in VIC based on total real estate transactions.
MAFFRA, 3860 places th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.98%||N/A|
|Median 3 years||26.5%||N/A|
|Median 5 years||7.66%||N/A|
|10 years average annual||4.02%||N/A|
|Weekly media advert. rent||$260||N/A|
|Time on Market||120.0 days||N/A|
|Gross Rental Yield Percent||5.34%||N/A|
Prioritising equity and capital growth in a softening market? One investor shares his buying strategy for maximising equity in a portfolio....
Fresh data reveals capital city vacancy rates were relatively steady over September, with the majority tightening slightly. House rents was ...
I’ve bought and sold hundreds of properties to date and I can say with confidence: the idea that you can’t have a balance of return and ...
Perth’s property market saw affordability improve over the September 2018 quarter with a slight softening of house and unit prices, accord...
High-end properties are softening in price, but investing too heavily in blue-chip areas can actually harm your cash flow. One buyer's agen...