Sydney, Melbourne boast highest capital city sales
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
Property investors enjoyed capital gains of 2.42% 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 low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $690 based on current median home prices for the suburb.
On average, rents on listings have reached the $690 mark, reflecting a 2.14% increase in returns based on the current median price in SUMMER HILL.
SUMMER HILL, 2130 ranks 974th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1013th on the list of best yielding suburbs for rental properties in NSW, posting a 2.14% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,675,000 | $770,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.15% | 0% |
| Median 12 month | 2.42% | 3.77% |
| Median 3 years | -1.47% | -10.83% |
| Median 5 years | 14.73% | -6.67% |
| 10 years average annual | 7.43% | 7.08% |
| Weekly media advert. rent | $690 | $450 |
| Time on Market | 0.0 days | 35.1 days |
| Gross Rental Yield Percent | 2.14% | 3.04% |
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