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 Darwin with some of the longest ‘hold periods'. The Darwin suburbs examined this week include:
- Nightcliff – Properties are held for an average of 6 years.
- Nakara – this suburb has an average ‘hold period' of 5.8 years before being sold.
Plus coverage of:
- In an interview with CommSec economist, Savanth Sebastian speaks about the latest housing finance figures and the outlook for the property sector.
- This weeks Tax Tip looks at co-ownership of rental properties and how this is treated when doing your tax.