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1 MIN READThis Central Coast Suburb Will Remain ‘white Hot’ For The Rest Of The Year
The poster child of the COVID-19 city exodus, Gosford on the Central Coast, is now seeing an uptick in listings, but acc...
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CaseyCasey - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $660,500.
The upward trend in home prices in CASEY, 2913 averaged 1.19% per annum over a 3-year period.
Average weekly rents on listings have reached the $560 mark, reflecting a 4.41% increase in returns based on the current median price in CASEY.
An average of 9.92 real estate transactions take place per month in CASEY which translates to 119 per annum.
119 properties were sold in CASEY in 2016, making it the 85th most active market in ACT based on total real estate transactions.
CASEY, 2913 places 88th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,500 | $515,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.87% | 5.97% |
| Median 12 month | -0.68% | 11.96% |
| Median 3 years | 3.57% | 22.99% |
| Median 5 years | 27.02% | 18.12% |
| 10 years average annual | 10.93% | 3.44% |
| Weekly media advert. rent | $560 | $480 |
| Time on Market | 51.0 days | 72.4 days |
| Gross Rental Yield Percent | 4.41% | 4.85% |
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