The 'nitty gritty' of property economics catching out property investors
One buyers agent is "constantly amazed" by the ongoing misconceptions in property investment about the underlying economics which dictate wh...
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 $2,175,000.
The upward trend in home prices in NORTH CURL CURL, 2099 averaged 6.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $1200 mark, reflecting a 2.87% increase in returns based on the current median price in NORTH CURL CURL.
An average of 5.67 real estate transactions take place per month in NORTH CURL CURL which translates to 68 per annum.
68 properties were sold in NORTH CURL CURL in 2016, making it the 194th most active market in NSW based on total real estate transactions.
NORTH CURL CURL, 2099 places 1218th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,175,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.25% | N/A |
| Median 12 month | -10.86% | N/A |
| Median 3 years | 20.83% | N/A |
| Median 5 years | 58.76% | N/A |
| 10 years average annual | 6.94% | N/A |
| Weekly media advert. rent | $1200 | N/A |
| Time on Market | 53.5 days | N/A |
| Gross Rental Yield Percent | 2.87% | N/A |
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