4 Property Market Trends To Expect In 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
COLLAROY PLATEAU, 2097 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 COLLAROY PLATEAU, 2097 values up and netting property investors a capital gain of 21.69% for the past year.
Investors saw the median home price rise to $2,300,000.
Profits due to an upward trend in home prices in the suburb averaged 11.44% per annum over a 3-year period.
COLLAROY PLATEAU now ranks at the 83rd 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 COLLAROY PLATEAU are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $955 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 COLLAROY PLATEAU, homes and units usually stay on listing for an average of 58.6 days.
In 2016, 71 properties were sold in COLLAROY PLATEAU during the past year, making it the 185th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.69%||N/A|
|Median 3 years||34.31%||N/A|
|Median 5 years||63.93%||N/A|
|10 years average annual||10.44%||N/A|
|Weekly media advert. rent||$955||N/A|
|Time on Market||58.6 days||N/A|
|Gross Rental Yield Percent||2.16%||N/A|