Returning expats may increase property prices
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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.97% growth over a ten-year period. It ranks 988th on our list of suburbs that property investors should look into.
With the median home price in PYRMONT sitting at $1,540,000, and the average rent at $750, property owners could potentially earn a 2.53% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PYRMONT are high, as opposed to average gains per annum over the past five years.
PYRMONT, 2009 in NSW belongs to the local government area of Sydney (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,540,000 | $1,050,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.35% | 1.94% |
| Median 12 month | N/A | -0.24% |
| Median 3 years | -6.67% | 0% |
| Median 5 years | 33.91% | 18.64% |
| 10 years average annual | 5.97% | 2.61% |
| Weekly media advert. rent | $750 | $667.5 |
| Time on Market | 0.0 days | 63.5 days |
| Gross Rental Yield Percent | 2.53% | 3.31% |
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