Can investors get a home in Sydney for under $500k?
Investors who are concerned they will be priced out of Sydney are being advised to look a little further out, with Sydney’s surrounding su...
Subscribe to our newsletter
KENWICK, 6107 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 $330,000.
Profits due to an downward trend in home prices in the suburb averaged -2.61% per annum over a 3-year period.
KENWICK now ranks at the 18th 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 KENWICK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $310 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 KENWICK, homes and units usually stay on listing for an average of 73.5 days.
In 2016, 60 properties were sold in KENWICK during the past year, making it the 91st most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $330,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 8.2% | N/A |
| Median 12 month | 3.77% | N/A |
| Median 3 years | -7.82% | N/A |
| Median 5 years | -19.32% | N/A |
| 10 years average annual | 0.33% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 73.5 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
Investors who are concerned they will be priced out of Sydney are being advised to look a little further out, with Sydney’s surrounding su...
The deadline for the mandatory registration of private pools and spas in Victoria has been extended due to the coronavirus pandemic. ...
Why Australians could be given $50,000, how to terminate a tenancy, and the need for a stamp duty plan: Here are some of the biggest stories...
Prime Minister Scott Morrison has acknowledged the threat that a COVID-induced decline in migration could pose to residential property marke...
Landlords who are providing their tenants with rent relief during the COVID-19 crisis are now able to apply for land tax concessions. ...
More than half of Australian investors expect property prices to tumble over the next 12 months, a new survey has revealed. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
