Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investors have seen a -8.96% drop in HUNTERS HILL based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains HUNTERS HILL, 2110 saw average growth in the long term.
The NSW 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 $3,075,000
Profits averaged 4.23% per annum over a 3-year period, due to an upward trend in home prices in HUNTERS HILL, 2110.
This means, real estate investors could earn a rental income of $1100 based on current median home prices for the suburb.
The gross rental yield in HUNTERS HILL, 2110 is 1.86%.
An average of 9.25 real estate transactions take place per month in HUNTERS HILL which translates to 111 per annum.
Hunters Hill is a luxury property hotspot in New South Wales, located on Sydney’s North Shore. It has a distance of 9 kilometres from Sydney’s central business district. Hunters Hill is situated on a peninsula between the Lane Cove River and the Parramatta River. Waterfront properties are common in the vicinity and are quite in demand, with grand mansions and houses on the market making record sales.
The suburb has one of the most number of heritage buildings, with 14 heritage buildings to boot. These include a public school, a post office, a town hall, a worker’s cottage and a church.
Properties on offer
Properties often feature secluded pocket gardens and patios, a lap pool and spacious living areas — enough to entice any heavy-pocketed buyer who wants a piece of Hunters Hill’s high-end portfolio, and with a view at that. But despite its distinguished residents, prestige is not the only thing that’s drawing buyers to the suburb. Hunters Hill sets itself apart from other suburbs because it transports one to an idyllic vacation destination, far from the hustle and bustle of the CBD. Houses for sale at Hunters Hill are not your typical McMansions and exude a chic, tropical vibe.
A huge chunk of Hunters Hill real estate that just hit the market are land releases and commercial properties. Ongoing redevelopments, meanwhile, are being done on areas weathered by age, such as a precinct that was linked to a new mixed-use apartment cluster that houses an array of shops and included a car park.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.91%||N/A|
|Median 3 years||12.68%||50.8%|
|Median 5 years||20.59%||52.83%|
|10 years average annual||7.11%||12.3%|
|Weekly media advert. rent||$1100||$490|
|Time on Market||78.7 days||93.8 days|
|Gross Rental Yield Percent||1.86%||1.8%|