The case for Canberra’s office market
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.57% growth over a ten-year period. It ranks 354th on our list of suburbs that property investors should look into.
PETERSHAM, 2049 has a capital gain of -3.54% for the past year, which is lower than average compared to its 25% growth within a five-year period.
With the median home price in PETERSHAM sitting at $1,350,000, and the average rent at $785, property owners could potentially earn a 3.02% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PETERSHAM are high, as opposed to average gains per annum over the past five years.
PETERSHAM, 2049 in NSW belongs to the local government area of Inner West (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,350,000 | $705,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8% | -2.76% |
| Median 12 month | -3.54% | -2.35% |
| Median 3 years | -7.22% | 1.44% |
| Median 5 years | 25% | 21.87% |
| 10 years average annual | 7.57% | 6.31% |
| Weekly media advert. rent | $785 | $480 |
| Time on Market | 44.7 days | 54.6 days |
| Gross Rental Yield Percent | 3.02% | 3.54% |
No longer just a public service bubble, Canberra has seen an increase in private sector activity in recent years, bringing with it a raft of...
New and improved community facilities will soon be available in a number of Melbourne and surrounds’ fastest growing suburbs. ...
Nearly three decades of negotiation has finally seen the transferal of 66 hectares of land for a new coastal community in the outer suburbs ...
A new ratings system to determine “risky players” in the building industry is set to be implemented across NSW in an effort to help pre...
There’s a false belief held by many Australians that the larger the city they choose to invest in, the better their return on that investm...
Long gone are the days where home owners would take out a loan and stick with their lender for life. ...
Get notifications in real-time for staying up to date with content that matters to you.