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Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
BEECROFT, 2119 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 $1,671,500.
Profits due to an upward trend in home prices in the suburb averaged 3.76% per annum over a 3-year period.
BEECROFT now ranks at the 562nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BEECROFT are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $780 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BEECROFT, homes and units usually stay on listing for an average of 68.9 days.
In 2016, 135 properties were sold in BEECROFT during the past year, making it the 1249th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,671,500 | $940,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.51% | -10.35% |
| Median 12 month | -8.16% | -10.35% |
| Median 3 years | 11.28% | 17.79% |
| Median 5 years | 54.77% | 78.2% |
| 10 years average annual | 7.41% | 12.97% |
| Weekly media advert. rent | $780 | $600 |
| Time on Market | 68.9 days | 44.6 days |
| Gross Rental Yield Percent | 2.43% | 3.32% |
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