New WA rules give greater power to tenants
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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 $2,115,000.
The downward trend in home prices in STRATHFIELD, 2135 averaged -1.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $800 mark, reflecting a 1.97% increase in returns based on the current median price in STRATHFIELD.
An average of 10.33 real estate transactions take place per month in STRATHFIELD which translates to 124 per annum.
124 properties were sold in STRATHFIELD in 2016, making it the 1171st most active market in NSW based on total real estate transactions.
STRATHFIELD, 2135 places 381st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $2,115,000 | $672,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.48% | -3.45% |
| Median 12 month | -19.89% | -5.28% |
| Median 3 years | -4.94% | -5.94% |
| Median 5 years | 21.9% | 3.46% |
| 10 years average annual | 7.93% | 5.41% |
| Weekly media advert. rent | $800 | $550 |
| Time on Market | 103.6 days | 75.4 days |
| Gross Rental Yield Percent | 1.97% | 4.25% |
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