‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors have seen a -0.8% drop in WESTMINSTER based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WESTMINSTER, 6061 saw average decrease in the long term.
The WA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $372,000
Profits averaged -5.06% per annum over a 3-year period, due to an downward trend in home prices in WESTMINSTER, 6061.
This means, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 4.19%.
An average of 9.08 real estate transactions take place per month in WESTMINSTER which translates to 109 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $372,000 | $280,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.8% | -0.88% |
| Median 12 month | -3.63% | -14.89% |
| Median 3 years | -15.17% | -19.66% |
| Median 5 years | -9.27% | N/A |
| 10 years average annual | -0.19% | -4.18% |
| Weekly media advert. rent | $300 | $292.5 |
| Time on Market | 108.6 days | 181.2 days |
| Gross Rental Yield Percent | 4.19% | 5.43% |
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...
Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...
The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...
Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...
While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...