AREA REPORTS

Leichhardt

 

 

NSW/
Leichhardt

Suburb Profile

Leichhardt - FREE 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.

Investors saw the median home price rise to $1,368,000.

Profits due to an upward trend in home prices in the suburb averaged 3.44% per annum over a 3-year period.

LEICHHARDT now ranks at the 1004th 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 $800 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 47.0 days.

In 2016, 228 properties were sold in LEICHHARDT during the past year, making it the 849th 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 $1,368,000 $900,000
GROWTH REPORT
Median Quarterly -3.8% -6.74%
Median 12 month -11.74% -10%
Median 3 years 10.32% 3.21%
Median 5 years 47.89% 34.33%
10 years average annual 7.76% 7.42%
Weekly media advert. rent $800 $600
Time on Market 47.0 days 56.0 days
Gross Rental Yield Percent 3.04% 3.47%
demographics (median values)
Total Population
12248
Weekly Household Income
1514
Household Size
2.20
demographics
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