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1 MIN READ‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
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StrathfieldStrathfield - SUBURB PROFILE REPORT
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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 $2,912,500.
The upward trend in home prices in STRATHFIELD, 2135 averaged 3.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 1.25% increase in returns based on the current median price in STRATHFIELD.
An average of 17.58 real estate transactions take place per month in STRATHFIELD which translates to 211 per annum.
211 properties were sold in STRATHFIELD in 2016, making it the 913th most active market in NSW based on total real estate transactions.
STRATHFIELD, 2135 places 361st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,912,500 | $705,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.51% | 0% |
| Median 12 month | 19.49% | -0.98% |
| Median 3 years | 10.32% | -5.24% |
| Median 5 years | 31.79% | -2.02% |
| 10 years average annual | 8.8% | 4.1% |
| Weekly media advert. rent | $700 | $463.5 |
| Time on Market | 77.9 days | 82.2 days |
| Gross Rental Yield Percent | 1.25% | 3.42% |
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