
487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
AVALON, 2107 ranks 833rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 32.61% 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 $3,050,000.
The upward trend in home prices in AVALON, 2107 averaged 22.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $1000 mark, reflecting a 1.7% increase in returns based on the current median price in AVALON.
An average of 16.17 real estate transactions take place per month in AVALON which translates to 194 per annum.
194 properties were sold in AVALON in 2016, making it the 989th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 679th in Australia based on median property value growth during the quarter.
KEY PROPERTY DATA REPORT | HOUSE | UNIT |
---|---|---|
Median Price | $3,050,000 | $1,162,500 |
GROWTH REPORT | ||
Median Quarterly | 6.09% | -9.71% |
Median 12 month | 32.61% | 26.36% |
Median 3 years | 68.51% | 42.64% |
Median 5 years | 90.63% | 64.08% |
10 years average annual | 12.28% | 8.54% |
Weekly media advert. rent | $1000 | $565 |
Time on Market | 51.0 days | 79.2 days |
Gross Rental Yield Percent | 1.7% | 2.53% |