Bargains set to hit the market in wake of royal commission
New research has determined two-thirds of property experts believe the current banking royal commission will bring down property prices thro...
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 $2,065,000.
The upward trend in home prices in BONDI JUNCTION, 2022 averaged 9.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $1050 mark, reflecting a 2.64% increase in returns based on the current median price in BONDI JUNCTION.
An average of 6.58 real estate transactions take place per month in BONDI JUNCTION which translates to 79 per annum.
79 properties were sold in BONDI JUNCTION in 2016, making it the 126th most active market in NSW based on total real estate transactions.
BONDI JUNCTION, 2022 places 1216th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,065,000 | $985,103 |
| GROWTH REPORT | ||
| Median Quarterly | -7.92% | -7.07% |
| Median 12 month | -5.28% | -8.62% |
| Median 3 years | 27.08% | 9.22% |
| Median 5 years | 64.54% | 38.75% |
| 10 years average annual | 8.29% | 7.13% |
| Weekly media advert. rent | $1050 | $730 |
| Time on Market | 47.3 days | 101.2 days |
| Gross Rental Yield Percent | 2.64% | 3.85% |
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