Capital city house prices reach record high in December
Hobart is no longer the most affordable capital city in Australia to purchase a house, following double-digit growth in December. ...
A steady increase in median property prices over a five-year period in the suburb translates to a 0.16% capital gain.
It 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 $1,550,000
The augmented property values in the suburb are trailing above the territorial average of 6.97% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $775.
Home owners selling their properties and realtors in NARRAWEENA usually have to wait an average of 38.6 days days before their assets are lifted off the market.
The NSW suburb ranks 886th on the list of best yielding suburbs for rental properties in NSW, posting a 2.6% return.
It also places places 524th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.99% | N/A |
| Median 12 month | 13.97% | N/A |
| Median 3 years | 0.16% | N/A |
| Median 5 years | 23.9% | N/A |
| 10 years average annual | 6.92% | N/A |
| Weekly media advert. rent | $775 | N/A |
| Time on Market | 38.6 days | N/A |
| Gross Rental Yield Percent | 2.6% | N/A |
Hobart is no longer the most affordable capital city in Australia to purchase a house, following double-digit growth in December. ...
Australia is gearing up for a post-recession rush, with an increase in demand for office assets expected in the first quarter of 2021. ...
Property and rental prices in the Sunshine Coast have been pushed up rapidly as market volatility threatens to deplete stocks. ...
Following a tough year, dwelling values are finally on track for recovery across Australia, with the property market showing “remarkable r...
As NSW’s real estate recovers from the impact of COVID-19, the Real Estate Institute of New South Wales has mobilised to re-establish stab...
New research has revealed that as many as 21 per cent of investors are worried about money as a result of the COVID crisis. ...
Get notifications in real-time for staying up to date with content that matters to you.
