Property investment tip: Should investors spend extra on professional fees?
With the property market changing as a result of price declines and regulatory interventions, investors are advised, now more than ever, to ...
Â
Â
SOUTH HEDLAND, 6722 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 $195,000.
Profits due to an downward trend in home prices in the suburb averaged -22.85% per annum over a 3-year period.
SOUTH HEDLAND now ranks at the 75th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH HEDLAND are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $395 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SOUTH HEDLAND, homes and units usually stay on listing for an average of 65.2 days.
In 2016, 246 properties were sold in SOUTH HEDLAND during the past year, making it the 244th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $195,000 | $99,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.63% | 7.03% |
| Median 12 month | -0.38% | 10% |
| Median 3 years | -68.55% | N/A |
| Median 5 years | -75.63% | -82.48% |
| 10 years average annual | -5.19% | 3.01% |
| Weekly media advert. rent | $395 | $300 |
| Time on Market | 65.2 days | 65.8 days |
| Gross Rental Yield Percent | N/A | N/A |
With the property market changing as a result of price declines and regulatory interventions, investors are advised, now more than ever, to ...
Falling house prices are often thought to impact on consumer spending in the wider economy, but the Reserve Bank believes this link is more ...
Keeping first home buyers afloat means protecting the one source of growth in the Australian property market at present, but the federal opp...
A new report has identified where investors can find affordable property in regional areas in the country’s eastern states. ...
Following NSW Premier Gladys Berejiklian’s win at the NSW state election, a key property figurehead has renewed calls for “much neededâ...
Property investors are increasingly being drawn to mortgage products away from those offered by the big four banks post-royal commission. He...