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1 MIN READTop 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
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Summer HillSummer Hill - SUBURB PROFILE REPORT
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Property investors enjoyed capital gains of 5.07% over the last 12 months in SUMMER HILL, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in SUMMER HILL are high, as opposed to average gains per annum over the past five years.
The suburb posted a 15.03% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $767.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $767.5 mark, reflecting a 2.27% increase in returns based on the current median price in SUMMER HILL.
SUMMER HILL, 2130 ranks 1192nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 937th on the list of best yielding suburbs for rental properties in NSW, posting a 2.27% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,760,000 | $805,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.92% | 4.55% |
| Median 12 month | 5.07% | 4.55% |
| Median 3 years | 15.03% | -1.53% |
| Median 5 years | 21.17% | 15.41% |
| 10 years average annual | 6.99% | 5.7% |
| Weekly media advert. rent | $767.5 | $440 |
| Time on Market | 70.7 days | 40.7 days |
| Gross Rental Yield Percent | 2.27% | 2.84% |
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