House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
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 $1,830,000.
The upward trend in home prices in CHELTENHAM, 2119 averaged 11.19% per annum over a 3-year period.
Average weekly rents on listings have reached the $745 mark, reflecting a 2.12% increase in returns based on the current median price in CHELTENHAM.
An average of 1.5 real estate transactions take place per month in CHELTENHAM which translates to 18 per annum.
18 properties were sold in CHELTENHAM in 2016, making it the 972nd most active market in NSW based on total real estate transactions.
CHELTENHAM, 2119 places 513th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,830,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.83% | N/A |
| Median 12 month | 2.52% | N/A |
| Median 3 years | 33.58% | N/A |
| Median 5 years | 83.83% | N/A |
| 10 years average annual | 8.41% | N/A |
| Weekly media advert. rent | $745 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.12% | N/A |
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Following the NSW Premier’s plans to continue to address population growth, a property expert has stressed the importance for any proposal...
A new ranking has placed Sydney in sixth place for the highest number of property sales worth more than US$25 million. ...
Selling your own home is about confidence. Here’s how to do it without a real estate agent to hold your hand. ...
Experts and seasoned investors have always highlighted the importance of research before diving into the property game, but what factors are...
A report by the ACCC has found that the pricing of residential mortgages by the major banks is too opaque, making it too time consuming for ...