The best and worst regional investments
The high costs of properties in Sydney and Melbourne are driving investors outwards, leading to an uptick in prices for adjacent regional a...
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 $1,730,000.
The upward trend in home prices in AVALON, 2107 averaged 4.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $900 mark, reflecting a 2.71% increase in returns based on the current median price in AVALON.
An average of 11.25 real estate transactions take place per month in AVALON which translates to 135 per annum.
135 properties were sold in AVALON in 2016, making it the 1104th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 606th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,730,000 | $810,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.14% | 2.53% |
| Median 12 month | -5.05% | -4.71% |
| Median 3 years | 12.7% | 19.12% |
| Median 5 years | 41.8% | 50% |
| 10 years average annual | 6.88% | 6.35% |
| Weekly media advert. rent | $900 | $580 |
| Time on Market | 70.0 days | 129.1 days |
| Gross Rental Yield Percent | 2.71% | 3.72% |
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