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2 MIN READThe 10 Most Popular Suburbs For First-home Buyers
More than one-third of first-home buyers in Australia’s most expensive state are now aged in their twenties – and it...
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CheltenhamCheltenham - SUBURB PROFILE REPORT
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CHELTENHAM, 2119 ranks 496th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 25.99% 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 $2,072,500.
The upward trend in home prices in CHELTENHAM, 2119 averaged 3.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $812.5 mark, reflecting a 2.04% increase in returns based on the current median price in CHELTENHAM.
An average of 1.92 real estate transactions take place per month in CHELTENHAM which translates to 23 per annum.
23 properties were sold in CHELTENHAM in 2016, making it the 876th most active market in NSW based on total real estate transactions.
CHELTENHAM, 2119 places 532nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,072,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.28% | N/A |
| Median 12 month | 25.99% | N/A |
| Median 3 years | 11.13% | N/A |
| Median 5 years | 27.07% | N/A |
| 10 years average annual | 7.73% | N/A |
| Weekly media advert. rent | $812.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 2.04% | N/A |
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