Popular lenders issue spate of rate cuts
Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
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 $1,005,000.
The upward trend in home prices in BEROWRA HEIGHTS, 2082 averaged 2.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $595 mark, reflecting a 3.08% increase in returns based on the current median price in BEROWRA HEIGHTS.
An average of 6.17 real estate transactions take place per month in BEROWRA HEIGHTS which translates to 74 per annum.
74 properties were sold in BEROWRA HEIGHTS in 2016, making it the 156th most active market in NSW based on total real estate transactions.
BEROWRA HEIGHTS, 2082 places 1190th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,005,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.51% | N/A |
| Median 12 month | -12.61% | N/A |
| Median 3 years | 6.02% | N/A |
| Median 5 years | 52.78% | N/A |
| 10 years average annual | 7.48% | N/A |
| Weekly media advert. rent | $595 | N/A |
| Time on Market | 89.2 days | N/A |
| Gross Rental Yield Percent | 3.08% | N/A |
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