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? ...
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 $200,000.
Profits due to an upward trend in home prices in the suburb averaged 0.81% per annum over a 3-year period.
SOUTH HEDLAND now ranks at the 379th 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 $420 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 67.8 days.
In 2016, 219 properties were sold in SOUTH HEDLAND during the past year, making it the 274th most active market in WA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $200,000 | $135,000 |
| GROWTH REPORT | ||
| Median Quarterly | -4.76% | 0% |
| Median 12 month | -4.76% | 15.38% |
| Median 3 years | 2.43% | 42.11% |
| Median 5 years | -70.37% | N/A |
| 10 years average annual | -8.37% | 2.84% |
| Weekly media advert. rent | $420 | $335 |
| Time on Market | 67.8 days | 90.6 days |
| Gross Rental Yield Percent | 10.92% | 12.9% |
Did you know you can use the equity in your house to help finance the purchase of an investment property? ...
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