Big bank balance sheets increasingly skewed to mortgages
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
Property investors enjoyed capital gains of 0.57% over the last 12 months in MARMION, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MARMION 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 $550 based on current median home prices for the suburb.
On average, rents on listings have reached the $550 mark, reflecting a 3.23% increase in returns based on the current median price in MARMION.
MARMION, 6020 ranks 156th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 356th on the list of best yielding suburbs for rental properties in WA, posting a 3.23% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $885,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 0.57% | N/A |
| Median 3 years | -2.75% | N/A |
| Median 5 years | -0.95% | N/A |
| 10 years average annual | 1.06% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 52.9 days | N/A |
| Gross Rental Yield Percent | 3.23% | N/A |
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
New research has revealed what the average investor is spending on their renovations, with a change in priorities pinpointed year-on-year. ...
The prudential regulator has launched a consultation on a proposal that would expand its collection remit for home lending data. ...
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
New research has provided insights into where the highest number of homes are being built and whether construction is rising or falling. ...
Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property ...
Get notifications in real-time for staying up to date with content that matters to you.