How to maximise the value of your property this spring selling season
With spring selling season right around the corner and some slow months in property, housing prices and stock levels are on the rise. To mak...
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 $1,816,250.
The upward trend in home prices in AVALON, 2107 averaged 10.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $895 mark, reflecting a 2.56% increase in returns based on the current median price in AVALON.
An average of 15 real estate transactions take place per month in AVALON which translates to 180 per annum.
180 properties were sold in AVALON in 2016, making it the 985th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 498th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,816,250 | $835,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.01% | -0.6% |
| Median 12 month | 3.79% | 7.67% |
| Median 3 years | 30.2% | 28.46% |
| Median 5 years | 59.32% | 54.63% |
| 10 years average annual | 6.3% | 5.96% |
| Weekly media advert. rent | $895 | $572.5 |
| Time on Market | 60.6 days | 99.5 days |
| Gross Rental Yield Percent | 2.56% | 3.57% |
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