If you’re a newer house flipper, you have probably heard about the 70 percent rule. Here’s your guide to the investing rule that can prevent you from spending too much money on an investment.
Happy Adventure Home Price
Canada’s national median home listing price this month is $290,900, which means that Happy Adventure is in the cheapest 20% for Canada.
While the median for Newfoundland and Labrador is $209,000 , which means that Happy Adventure’s median price is $107,500 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Across Newfoundland and Labrador Happy Adventure has the 57th most properties on offer with 197.
When we look at the data we have, it can help with trying to establish whether or not Happy Adventure is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Happy Adventure will hopefully provide an indicator to help you where to research in-depth
In Happy Adventure, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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