Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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 $950,000.
The upward trend in home prices in GRANVILLE, 2142 averaged 8.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.46% increase in returns based on the current median price in GRANVILLE.
An average of 9.17 real estate transactions take place per month in GRANVILLE which translates to 110 per annum.
110 properties were sold in GRANVILLE in 2016, making it the 231st most active market in NSW based on total real estate transactions.
GRANVILLE, 2142 places 785th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.5%||-9.48%|
|Median 3 years||25%||-12.23%|
|Median 5 years||19.5%||-11.13%|
|10 years average annual||8.81%||5.37%|
|Weekly media advert. rent||$450||$400|
|Time on Market||69.7 days||56.7 days|
|Gross Rental Yield Percent||2.46%||4.26%|