Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
Property investors have seen a 8.73% gain in KARAWARA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains KARAWARA, 6152 saw average growth 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 $610,000
This means, real estate investors could earn a rental income of $365 based on current median home prices for the suburb.
The gross rental yield in KARAWARA, 6152 is 3.11%.
An average of 0.92 real estate transactions take place per month in KARAWARA which translates to 11 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.73%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||-17.01%||N/A|
|10 years average annual||6.15%||N/A|
|Weekly media advert. rent||$365||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.11%||N/A|
While property experts and big banks have widely predicted that the property market will fall, so far it has remained stable, an industry ex...
New laws to help ease the financial burden on Queensland strata communities caused by the COVID-19 pandemic have been passed by State Parlia...
NSW Fair Trading has clarified what landlords in the state can do should they find themselves in a position of negotiating a rental agreemen...
New research has shed light on the current state of the residential real estate market, noting the worst is likely behind us as restrictions...
While the current crisis could exacerbate high mortgage debt, there are currently no signs of distress visible in the housing market, accord...