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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 7.77% for the past year.

Investors saw the median home price rise to $1,650,000.

Profits due to an upward trend in home prices in the suburb averaged 3.33% per annum over a 3-year period.

LEICHHARDT now ranks at the 921st 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 51.4 days.

In 2016, 226 properties were sold in LEICHHARDT during the past year, making it the 864th most active market in NSW based on total real estate transactions.

Data report can be found below

Leichhardt
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,650,000 $860,000
GROWTH REPORT
Median Quarterly 3.77% -8.22%
Median 12 month 7.77% -13.81%
Median 3 years 10% -4.44%
Median 5 years 29.92% -6.57%
10 years average annual 7.59% 3.36%
Weekly media advert. rent $750 $500
Time on Market 51.4 days 72.5 days
Gross Rental Yield Percent 2.36% 3.02%
demographics (median values)*
Total Population
22242
Weekly Household Income
2273
Household Size
2.50
Age
37
Monthly Loan Repayment
3000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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