Can co-living solve housing affordability?
Key global cities, including New York, London, Tokyo and Singapore, are attempting to solve housing affordability through co-living arrangem...
Property investors in PALMYRA enjoyed capital gains of 1.61% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $630,000.
Profits due to an downward trend in home prices there averaged -0.78% per annum over a 3-year period.
Home owners selling their properties and realtors in PALMYRA usually have to wait an average of 56.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $430 mark, reflecting a 3.55% increase in returns based on the current median price in PALMYRA.
PALMYRA, 6157 places 291st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | 13.26% |
| Median 12 month | 1.61% | 8.64% |
| Median 3 years | -2.33% | 0.57% |
| Median 5 years | -10.32% | -6.38% |
| 10 years average annual | 1.5% | 1.21% |
| Weekly media advert. rent | $430 | $350 |
| Time on Market | 56.3 days | 67.9 days |
| Gross Rental Yield Percent | 3.55% | 4.14% |
Key global cities, including New York, London, Tokyo and Singapore, are attempting to solve housing affordability through co-living arrangem...
The strong upward trend in home-buying intentions is translating into higher motor vehicle spending intentions, according to new CBA researc...
Analysts are in two minds about the Reserve Bank’s monetary policy strategy, with recent remarks from governor Philip Lowe casting doubt o...
Purchasing a home by pairing up with a stranger could be considered a “safer” property ownership option than opting in with a partner...
Investors looking to get out of debt sooner and start creating wealth for themselves have been advised that they can pay off their home loan...
Distressed property listings are well renowned for giving lucky buyers a better deal – so what exactly are they, and where are they most ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
