ATO lends support to flood-affected property owners
North Queensland property owners who were impacted by floods earlier this year will continue to be granted support by the ATO this tax time....
Property investors enjoyed capital gains of 26.22% over the last 12 months in MOUNT PLEASANT, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MOUNT PLEASANT are high, as opposed to average gains per annum over the past five years.
The suburb posted a 15.32% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 2.05% increase in returns based on the current median price in MOUNT PLEASANT.
MOUNT PLEASANT, 6153 ranks 6th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 413th on the list of best yielding suburbs for rental properties in WA, posting a 2.05% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,268,500 | $522,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.98% | -1.88% |
| Median 12 month | 26.22% | -19.62% |
| Median 3 years | 15.32% | -15.73% |
| Median 5 years | 15.32% | -13.99% |
| 10 years average annual | 4.61% | 2.83% |
| Weekly media advert. rent | $500 | $400 |
| Time on Market | 84.0 days | 80.4 days |
| Gross Rental Yield Percent | 2.05% | 3.98% |
North Queensland property owners who were impacted by floods earlier this year will continue to be granted support by the ATO this tax time....
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