House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Property investors enjoyed capital gains of 13.9% over the last 12 months in PETERSHAM, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 9.09% growth over a ten-year period. It ranks 322nd on our list of suburbs that property investors should look into.
PETERSHAM, 2049 has a capital gain of 13.9% for the past year, which is higher than average compared to its 22.27% growth within a five-year period.
With the median home price in PETERSHAM sitting at $1,905,000, and the average rent at $750, property owners could potentially earn a 2.05% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PETERSHAM are low, 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 12 month||13.9%||0.53%|
|Median 3 years||40.07%||4.57%|
|Median 5 years||22.27%||11.85%|
|10 years average annual||9.09%||4.67%|
|Weekly media advert. rent||$750||$425|
|Time on Market||33.4 days||69.5 days|
|Gross Rental Yield Percent||2.05%||2.93%|