A steady increase in median property prices over a five-year period in MEADOWBANK, 2114 translates to a 3.41% capital gain.
Property investors enjoyed capital gains of 6.89% over the last 12 months in MEADOWBANK, translating to lower returns compared with its peers in NSW.
MEADOWBANK, 2114 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 $636,000.
Profits due to an upward trend in home prices in MEADOWBANK, 2114 averaged 1.14% per annum over a 3-year period.
Home owners selling their properties and realtors in MEADOWBANK usually have to wait an average of 33.9 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $460 mark, reflecting a 3.76% increase in returns based on the current median price in MEADOWBANK.
MEADOWBANK, 2114 places 227th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||6.89%|
|Median 3 years||N/A||3.41%|
|Median 5 years||N/A||50.53%|
|10 years average annual||N/A||6.32%|
|Weekly media advert. rent||N/A||$460|
|Time on Market||N/A||33.9 days|
|Gross Rental Yield Percent||N/A||3.76%|