NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
ST IVES, 2075 ranks 689th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.21% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $2,269,550.
The upward trend in home prices in ST IVES, 2075 averaged 3.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $1075 mark, reflecting a 2.46% increase in returns based on the current median price in ST IVES.
An average of 21.75 real estate transactions take place per month in ST IVES which translates to 261 per annum.
261 properties were sold in ST IVES in 2016, making it the 773rd most active market in NSW based on total real estate transactions.
ST IVES, 2075 places 378th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.21%||14.98%|
|Median 3 years||10.71%||7.62%|
|Median 5 years||27.72%||41.45%|
|10 years average annual||8.11%||6.21%|
|Weekly media advert. rent||$1075||$590|
|Time on Market||64.1 days||93.3 days|
|Gross Rental Yield Percent||2.46%||2.85%|