Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $2,830,000.
The upward trend in home prices in BONDI JUNCTION, 2022 averaged 5.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $1450 mark, reflecting a 2.66% increase in returns based on the current median price in BONDI JUNCTION.
An average of 5 real estate transactions take place per month in BONDI JUNCTION which translates to 60 per annum.
60 properties were sold in BONDI JUNCTION in 2016, making it the 273rd most active market in NSW based on total real estate transactions.
BONDI JUNCTION, 2022 places 1122nd in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,222,500.
Investors saw the median home price rise to $1,222,500.
The upward trend in home prices in BONDI JUNCTION, 2022 averaged 0.11% per annum over a 3-year period.
BONDI JUNCTION now ranks at the 498th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BONDI JUNCTION are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $975 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BONDI JUNCTION, homes and units usually stay on listing for an average of 59.7 days.
163 properties were sold in BONDI JUNCTION in 2016, making it the 456th most active market in NSW based on total real estate transactions.