How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Property investors enjoyed capital gains of 5.88% over the last 12 months in CRANBOURNE WEST, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in CRANBOURNE WEST are low, as opposed to average gains per annum over the past five years.
The suburb posted a 55.4% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
On average, rents on listings have reached the $390 mark, reflecting a 3.76% increase in returns based on the current median price in CRANBOURNE WEST.
CRANBOURNE WEST, 3977 ranks 301st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 234th on the list of best yielding suburbs for rental properties in VIC, posting a 3.76% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $540,000 | $403,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.37% | 0% |
| Median 12 month | 5.88% | 2.93% |
| Median 3 years | 55.4% | 32.86% |
| Median 5 years | 63.64% | 101.75% |
| 10 years average annual | 8% | 13.05% |
| Weekly media advert. rent | $390 | $340 |
| Time on Market | 42.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.76% | 4.38% |
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
A new report has been released by the prudential regulator that analyses how major banks view their own actions, and there’s certainly roo...
New data has been released that reveals how consumer sentiment has trended following the first three months of the year, which contained man...
Investor Arjun Paliwal considers the only commercial property in his nine-property portfolio as his second-most successful investment in ove...
Housing affordability has seen a rapid improvement over the March quarter, with one association labelling it the fastest improvement since 2...
After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...
Get notifications in real-time for staying up to date with content that matters to you.