Thousands of property investors set for tax audit
The Australian Taxation Office has announced that it is doubling the number of audits on “dodgy” rental deductions as the vast majority ...
Property investors enjoyed capital gains of 5.38% over the last 12 months in SOUTH YUNDERUP, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH YUNDERUP are high, as opposed to average gains per annum over the past five years.
The suburb posted a 0.36% 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 $320 based on current median home prices for the suburb.
On average, rents on listings have reached the $320 mark, reflecting a 3.4% increase in returns based on the current median price in SOUTH YUNDERUP.
SOUTH YUNDERUP, 6208 ranks 69th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 340th on the list of best yielding suburbs for rental properties in WA, posting a 3.4% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.01% | N/A |
| Median 12 month | 5.38% | N/A |
| Median 3 years | 0.36% | N/A |
| Median 5 years | -5.77% | N/A |
| 10 years average annual | 2.38% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 130.1 days | N/A |
| Gross Rental Yield Percent | 3.4% | N/A |
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