Big bank balance sheets increasingly skewed to mortgages
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
Property investors have seen a 6.05% gain in PRESTON BEACH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PRESTON BEACH, 6215 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 $298,000
Profits averaged -3.23% per annum over a 3-year period, due to an downward trend in home prices in PRESTON BEACH, 6215.
This means, real estate investors could earn a rental income of $267.5 based on current median home prices for the suburb.
The gross rental yield in PRESTON BEACH, 6215 is 4.67%.
An average of 1.25 real estate transactions take place per month in PRESTON BEACH which translates to 15 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $298,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.05% | N/A |
| Median 12 month | 6.05% | N/A |
| Median 3 years | -9.7% | N/A |
| Median 5 years | -14.61% | N/A |
| 10 years average annual | -0.65% | N/A |
| Weekly media advert. rent | $267.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.67% | N/A |
The balance sheets of the big four banks are increasingly exposed to residential mortgages, as other forms of revenue generation become less...
New research has revealed what the average investor is spending on their renovations, with a change in priorities pinpointed year-on-year. ...
The prudential regulator has launched a consultation on a proposal that would expand its collection remit for home lending data. ...
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
New research has provided insights into where the highest number of homes are being built and whether construction is rising or falling. ...
Better Choice Home Loans has launched a new 95 per cent LVR home loan product, which aims to help more first home buyers enter the property ...
Get notifications in real-time for staying up to date with content that matters to you.