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Leichhardt
AREA REPORTS

Leichhardt

Leichhardt - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2040

house
unit

LEICHHARDT, 2040 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling LEICHHARDT, 2040 values up and netting property investors a capital gain of 12.72% for the past year.

Investors saw the median home price rise to $1,531,000.

Profits due to an downward trend in home prices in the suburb averaged -0.41% per annum over a 3-year period.

LEICHHARDT now ranks at the 789th 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 LEICHHARDT are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $750 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In LEICHHARDT, homes and units usually stay on listing for an average of 37.4 days.

In 2016, 195 properties were sold in LEICHHARDT during the past year, making it the 955th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,531,000 $1,000,580
GROWTH REPORT
Median Quarterly 1.39% 0.06%
Median 12 month 12.72% 14.03%
Median 3 years -1.23% 0.43%
Median 5 years 24.47% 13.06%
10 years average annual 6.5% 6.46%
Weekly media advert. rent $750 $530
Time on Market 37.4 days 49.7 days
Gross Rental Yield Percent 2.55% 2.75%
demographics (median values)
Total Population
12248
Weekly Household Income
1514
Household Size
2.20
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