Jordan Springs | Rental Return
Jordan Springs Rental Return Breakdown
The following is a breakdown of the rental return for the Jordan Springs Case Studies outlines earlier.
|Case Study||Purchase Price||Weekly Rent||Rental Return|
|#1||$ 435,000.00||$ 495.00||5.9%|
|#2||$ 439,000.00||$ 510.00||6.0%|
|#3||$ 435,000.00||$ 470.00||5.6%|
|#4||$ 435,000.00||$ 520.00||6.2%|
|#5||$ 485,000.00||$ 540.00||5.8%|
The average rental return in all of the Case Studies is 5.9%.
Here is some data on the Rental Return from Colliers International and RP Data for the surrounding suburbs…
|Suburb||Rental Return p.a.|
I guess it can be concluded that the examples in the Case Studies are not dissimilar to those of the surrounding suburbs, with Jordan Springs appearing to be 0.4% higher. The anecdotal evidence for the Penrith area is that rental properties are difficult to get. People I have spoken to tell me that when they go to look at a property they tend to be joined by 20-30 other prospective tenants. This seems to be the case in most of Sydney. The shortage of properties in Jordan Springs has led to rental prices increasing steadily.
Article by James Parnwell
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