QUEENS PARK, 2022 ranks 956th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.67% for property investors.
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 $2,580,000.
The upward trend in home prices in QUEENS PARK, 2022 averaged 13.74% per annum over a 3-year period.
Average weekly rents on listings have reached the $1295 mark, reflecting a 2.61% increase in returns based on the current median price in QUEENS PARK.
An average of 3.33 real estate transactions take place per month in QUEENS PARK which translates to 40 per annum.
40 properties were sold in QUEENS PARK in 2016, making it the 512th most active market in NSW based on total real estate transactions.
QUEENS PARK, 2022 places 490th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.67%||15.47%|
|Median 3 years||41.22%||44.37%|
|Median 5 years||63.81%||34.57%|
|10 years average annual||8.71%||11.53%|
|Weekly media advert. rent||$1295||$700|
|Time on Market||61.3 days||0.0 days|
|Gross Rental Yield Percent||2.61%||3.34%|