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 $3,850,000.
The upward trend in home prices in QUEENS PARK, 2022 averaged 6.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $1972.5 mark, reflecting a 2.66% increase in returns based on the current median price in QUEENS PARK.
An average of 3.5 real estate transactions take place per month in QUEENS PARK which translates to 42 per annum.
42 properties were sold in QUEENS PARK in 2016, making it the 501st most active market in NSW based on total real estate transactions.
QUEENS PARK, 2022 places th 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 $1,410,000.
Average median unit prices in NSW have risen as a whole, pulling QUEENS PARK, 2022 values up and netting property investors a capital gain of 13.71% for the past year.
Investors saw the median home price rise to $1,410,000.
The upward trend in home prices in QUEENS PARK, 2022 averaged 0% per annum over a 3-year period.
QUEENS PARK now ranks at the 96th 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 QUEENS PARK are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $925 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 QUEENS PARK, homes and units usually stay on listing for an average of 48.7 days.
17 properties were sold in QUEENS PARK in 2016, making it the 456th most active market in NSW based on total real estate transactions.