What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Property investments in FLOREAT did not fare well against the rest of the country last year, registering a median home price decrease of 4.65%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains FLOREAT, 6014 saw average growth in the long term.
Real estate investors could earn a rental income of $742.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 35.5 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,350,000.
FLOREAT ranks 385th on the list of best yielding suburbs for rental properties in WA, posting a 2.86% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,350,000 | $580,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.61% | -2.52% |
| Median 12 month | 4.65% | -12.12% |
| Median 3 years | 5.47% | -21.62% |
| Median 5 years | 12.5% | N/A |
| 10 years average annual | 2.01% | -4.75% |
| Weekly media advert. rent | $742.5 | $517.5 |
| Time on Market | 35.5 days | 89.0 days |
| Gross Rental Yield Percent | 2.86% | 4.64% |
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