Are properties in long ‘hold period' suburbs a better investment?
A ‘hold period' is a calculation which measures the time period between sales, expressed in years. Suburbs with long ‘hold periods' are long established desirable areas with good infrastructure. This week we look at suburbs in Sydney with some of the longest ‘hold periods'. Sydney's average hold period is 9.1 years. The Sydney suburbs examined this week include:
- Taren Point – has one of the longest hold periods of any suburbs in Sydney, with properties held for almost 15 years.
- Rodd Point – properties are held on average for 14.5 years before being sold.
Plus coverage of:
- An interview with the CEO of Mortgage Choice, Michael Russell, about housing under supply and affordability in Australia.
- This weeks Tax Tip explains deceased estates and joint tenancy for capital gains tax purposes.