Property Investors Locking-in Their Gains While Rental Yields Are ‘historically’ High
Data suggests that investors are moving to consolidate their profits while they can. ...
KIRRIBILLI, 2061 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling KIRRIBILLI, 2061 values up and netting property investors a capital gain of 44.76% for the past year.
Investors saw the median home price rise to $3,763,750.
KIRRIBILLI now ranks at the 374th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $950 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 KIRRIBILLI, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 18 properties were sold in KIRRIBILLI during the past year, making it the 1021st most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||44.76%||-9.43%|
|Median 3 years||N/A||13.98%|
|Median 5 years||N/A||12.84%|
|10 years average annual||28.01%||8.89%|
|Weekly media advert. rent||$950||$550|
|Time on Market||0.0 days||49.3 days|
|Gross Rental Yield Percent||1.31%||2.13%|