Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
Property investors have seen a -8% drop in WAVERLEY based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WAVERLEY, 2024 saw average growth in the long term.
The NSW 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 $2,070,000
Profits averaged -1.61% per annum over a 3-year period, due to an downward trend in home prices in WAVERLEY, 2024.
This means, real estate investors could earn a rental income of $1203 based on current median home prices for the suburb.
The gross rental yield in WAVERLEY, 2024 is 3.02%.
An average of 1.92 real estate transactions take place per month in WAVERLEY which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,070,000 | $495,000 |
| GROWTH REPORT | ||
| Median Quarterly | -8% | -38.13% |
| Median 12 month | -15.34% | -38.89% |
| Median 3 years | -4.83% | -42.77% |
| Median 5 years | 21.76% | -15.67% |
| 10 years average annual | 6.47% | 1% |
| Weekly media advert. rent | $1203 | $650 |
| Time on Market | 0.0 days | 71.1 days |
| Gross Rental Yield Percent | 3.02% | 6.83% |
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