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AVALON, 2107 ranks 585th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 19.7% 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 $2,400,000.
The upward trend in home prices in AVALON, 2107 averaged 11.05% per annum over a 3-year period.
Average weekly rents on listings have reached the $900 mark, reflecting a 1.95% increase in returns based on the current median price in AVALON.
An average of 15.33 real estate transactions take place per month in AVALON which translates to 184 per annum.
184 properties were sold in AVALON in 2016, making it the 1005th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 505th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.7%||29.44%|
|Median 3 years||33.15%||17.74%|
|Median 5 years||68.13%||52.12%|
|10 years average annual||9.07%||8.31%|
|Weekly media advert. rent||$900||$550.5|
|Time on Market||72.4 days||86.6 days|
|Gross Rental Yield Percent||1.95%||2.75%|