Property market update: Sydney, March 2020
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
Subscribe to our newsletter
Figures from the previous quarter show that capital gains for real estate buyers in SCARBOROUGH are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
On average, rents on listings have reached the $530 mark, reflecting a 3.83% increase in returns based on the current median price in SCARBOROUGH.
SCARBOROUGH, 6019 ranks 174th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 314th on the list of best yielding suburbs for rental properties in WA, posting a 3.83% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $720,000 | $450,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.13% | -1.1% |
| Median 12 month | -1.37% | -8.07% |
| Median 3 years | -2.7% | -10% |
| Median 5 years | -8.86% | -17.43% |
| 10 years average annual | 0.78% | 1.22% |
| Weekly media advert. rent | $530 | $400 |
| Time on Market | 76.0 days | 92.4 days |
| Gross Rental Yield Percent | 3.83% | 4.62% |
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
New research has highlighted how the nation’s rural markets are performing amid the coronavirus pandemic. ...
The market fallout of the banning of on-site auctions has continued, with 45 per cent of auctions withdrawn from sale last week, according t...
Wondering how your tenant might request a change to their rental agreement? Or what kind of information such correspondence should contain? ...
The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for April following a rare out of cycle cash rate r...
Prime Minister Scott Morrison has revealed that the national cabinet has reached agreement on a mandatory code for the provision of rent rel...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
