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Birchgrove
AREA REPORTS

Birchgrove

Birchgrove - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2041

house
unit

Property investments in BIRCHGROVE did not fare well against the rest of the country last year, registering a median home price decrease of 15.49%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BIRCHGROVE, 2041 saw average growth in the long term.

Real estate investors could earn a rental income of $900 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 25.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $2,200,000.

BIRCHGROVE ranks 1073rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.13% return.

Data report can be found below

Birchgrove
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,200,000 $1,392,500
GROWTH REPORT
Median Quarterly 0% -3.97%
Median 12 month 15.49% -3.42%
Median 3 years -4.35% -2.28%
Median 5 years 27.17% 32.49%
10 years average annual 8.45% 6.68%
Weekly media advert. rent $900 $600
Time on Market 25.0 days 0.0 days
Gross Rental Yield Percent 2.13% 2.24%
demographics (median values)
Total Population
3519
Weekly Household Income
2354
Household Size
2.30
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