Canberra now Australia’s second most expensive property market
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Property investors have seen a 0.74% gain in WEST PENNANT HILLS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WEST PENNANT HILLS, 2125 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 19.17%.
Based on its average 5-year and quarterly capital gains WEST PENNANT HILLS, 2125 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 $1,700,000
Profits averaged 0.4% per annum over a 3-year period, due to an upward trend in home prices in WEST PENNANT HILLS, 2125.
This means, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.
The gross rental yield in WEST PENNANT HILLS, 2125 is 2.2%.
An average of 12.17 real estate transactions take place per month in WEST PENNANT HILLS which translates to 146 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,700,000 | $1,000,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.74% | 5.88% |
| Median 12 month | 19.17% | 6.5% |
| Median 3 years | 1.19% | N/A |
| Median 5 years | 26.16% | 22.62% |
| 10 years average annual | 7.93% | 6.07% |
| Weekly media advert. rent | $720 | $445 |
| Time on Market | 61.7 days | 50.6 days |
| Gross Rental Yield Percent | 2.2% | 2.31% |
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