Using your home equity to finance the purchase of an investment property
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
Property investors enjoyed capital gains of 10.83% over the last 12 months in GERALDTON, translating to lower returns compared with its peers in WA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a -3.02% decrease over a ten-year period. It ranks 3826th on our list of suburbs that property investors should look into.
GERALDTON, 6530 has a capital gain of 10.83% for the past year, which is higher than average compared to its -20.6% growth within a five-year period.
With the median home price in GERALDTON sitting at $266,000, and the average rent at $280, property owners could potentially earn a 5.47% increase in gross rental yield.
A 10.83% increase in median property prices in GERALDTON, 6530 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 56th.
Figures from the previous quarter show that capital gains for real estate buyers in GERALDTON are high, as opposed to average gains per annum over the past five years.
GERALDTON, 6530 in WA belongs to the local government area of Greater Geraldton (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $266,000 | $195,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.76% | -11.36% |
| Median 12 month | 10.83% | N/A |
| Median 3 years | -8.9% | -18.75% |
| Median 5 years | -20.6% | -33.22% |
| 10 years average annual | -3.02% | 0.89% |
| Weekly media advert. rent | $280 | $186.5 |
| Time on Market | 96.7 days | 0.0 days |
| Gross Rental Yield Percent | 5.47% | 4.97% |
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