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 in HANNANS enjoyed capital gains of 7.83% 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 $358,000.
Profits due to an downward trend in home prices there averaged -3.5% per annum over a 3-year period.
Home owners selling their properties and realtors in HANNANS usually have to wait an average of 119.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 6.1% increase in returns based on the current median price in HANNANS.
HANNANS, 6430 places 156th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $358,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.14% | N/A |
| Median 12 month | 7.83% | N/A |
| Median 3 years | -10.5% | N/A |
| Median 5 years | -11.82% | N/A |
| 10 years average annual | -1.35% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 119.3 days | N/A |
| Gross Rental Yield Percent | 6.1% | 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.