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 25.84% over the last 12 months in MADORA BAY, translating to lower returns compared with its peers in WA.
Figures from the previous quarter show that capital gains for real estate buyers in MADORA BAY are high, as opposed to average gains per annum over the past five years.
The suburb posted a 1.82% 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 $355 based on current median home prices for the suburb.
On average, rents on listings have reached the $355 mark, reflecting a 3.3% increase in returns based on the current median price in MADORA BAY.
MADORA BAY, 6210 ranks 7th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 351st on the list of best yielding suburbs for rental properties in WA, posting a 3.3% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.66% | N/A |
| Median 12 month | 25.84% | N/A |
| Median 3 years | 1.82% | N/A |
| Median 5 years | 19.4% | N/A |
| 10 years average annual | 1.86% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 113.0 days | N/A |
| Gross Rental Yield Percent | 3.3% | N/A |
North Queensland property owners who were impacted by floods earlier this year will continue to be granted support by the ATO this tax time....
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Almost a third of young Aussies are looking to enter the property market in the next five years, but they are missing some vital steps in th...
The government has released the draft code of conduct by NSW Fair Trading for short-term rental accommodation in NSW, which investors using ...
In NSW, 21 people die each year as a result of fires at home, prompting Fire and Rescue NSW to push for more mandatory safety provisions. ...
A leading economic forecaster has explained that interest rates could come back to bite us when they finally return to normal levels, and ha...
Get notifications in real-time for staying up to date with content that matters to you.