New interest-only loan changes and how they impact property investors
With the announcement that the banking regulator has removed the 30 per cent new lending cap on interest-only loans, we spoke to property ex...
GWELUP, 6018 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 $830,000.
Profits due to an downward trend in home prices in the suburb averaged -1.35% per annum over a 3-year period.
GWELUP now ranks at the 294th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GWELUP are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $565 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GWELUP, homes and units usually stay on listing for an average of 62.5 days.
In 2016, 81 properties were sold in GWELUP during the past year, making it the 33rd most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $830,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.92% | N/A |
| Median 12 month | -2.92% | N/A |
| Median 3 years | -4.05% | N/A |
| Median 5 years | 5.06% | N/A |
| 10 years average annual | 1.5% | N/A |
| Weekly media advert. rent | $565 | N/A |
| Time on Market | 62.5 days | N/A |
| Gross Rental Yield Percent | 3.54% | N/A |
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