‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
Based on its average 5-year and quarterly capital gains RANDWICK, 2031 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that RANDWICK, 2031 obtained a 7.52% growth over a ten-year period. It ranks 752nd on our list of suburbs that property investors should look into.
RANDWICK, 2031 in NSW belongs to the local government area of Randwick (C).
RANDWICK, 2031 has a capital gain of 10.19% for the past year, which is higher than average compared to its 39.05% growth within a five-year period.
With the median home price in RANDWICK sitting at $2,920,000, and the average rent at $975, property owners could potentially earn a 1.74% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RANDWICK are low, as opposed to average gains per annum over the past five years.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.19%||5.62%|
|Median 3 years||16.8%||6.16%|
|Median 5 years||39.05%||27.62%|
|10 years average annual||7.52%||5.99%|
|Weekly media advert. rent||$975||$550|
|Time on Market||57.8 days||57.6 days|
|Gross Rental Yield Percent||1.74%||2.67%|