Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
NORTH WILLOUGHBY, 2068 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 NORTH WILLOUGHBY, 2068 values up and netting property investors a capital gain of 31.16% for the past year.
Investors saw the median home price rise to $2,820,000.
Profits due to an upward trend in home prices in the suburb averaged 4.72% per annum over a 3-year period.
NORTH WILLOUGHBY now ranks at the 981st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH WILLOUGHBY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $870 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 NORTH WILLOUGHBY, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 37 properties were sold in NORTH WILLOUGHBY during the past year, making it the 555th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.16%||-2.65%|
|Median 3 years||14.17%||0.3%|
|Median 5 years||32.39%||6.09%|
|10 years average annual||9.17%||4.09%|
|Weekly media advert. rent||$870||$510|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||1.6%||3.2%|