REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
Homeowners and real estate investors betting on ENMORE, 2042 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 21.84%.
A steady increase in median property prices over a five-year period in the suburb translates to a 36.67% capital gain.
Property investors in ENMORE enjoyed capital gains of 21.84% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $1,757,550.
Profits due to an upward trend in home prices there averaged 12.22% per annum over a 3-year period.
Home owners selling their properties and realtors in ENMORE usually have to wait an average of 93.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.22% increase in returns based on the current median price in ENMORE.
ENMORE, 2042 places 1245th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.84%||-5.2%|
|Median 3 years||36.67%||-2.7%|
|Median 5 years||36.17%||23.08%|
|10 years average annual||9.86%||5.28%|
|Weekly media advert. rent||$750||$400|
|Time on Market||93.3 days||0.0 days|
|Gross Rental Yield Percent||2.22%||2.89%|