Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
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 $730,000.
The downward trend in home prices in GRANVILLE, 2142 averaged -2.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 3.42% increase in returns based on the current median price in GRANVILLE.
An average of 3.58 real estate transactions take place per month in GRANVILLE which translates to 43 per annum.
43 properties were sold in GRANVILLE in 2016, making it the 380th most active market in NSW based on total real estate transactions.
GRANVILLE, 2142 places 976th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $730,000 | $473,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.67% | 8.88% |
| Median 12 month | -5.07% | -7.89% |
| Median 3 years | -7.59% | -13.21% |
| Median 5 years | 17.65% | 1.83% |
| 10 years average annual | 8.04% | 5.92% |
| Weekly media advert. rent | $480 | $430 |
| Time on Market | 54.4 days | 76.1 days |
| Gross Rental Yield Percent | 3.42% | 4.73% |
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