AREA REPORTS

Constitution Hill

 

 

NSW/
Constitution hill

Suburb Profile

Constitution Hill - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2145

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unit

CONSTITUTION HILL, 2145 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 $865,000.

Profits due to an upward trend in home prices in the suburb averaged 0.78% per annum over a 3-year period.

CONSTITUTION HILL now ranks at the 1261st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CONSTITUTION HILL are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $500 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CONSTITUTION HILL, homes and units usually stay on listing for an average of 66.9 days.

In 2016, 40 properties were sold in CONSTITUTION HILL during the past year, making it the 516th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $865,000 $593,500
GROWTH REPORT
Median Quarterly -8.95% -4.27%
Median 12 month -4.55% -10.08%
Median 3 years 2.34% -12.68%
Median 5 years 51.06% 39.65%
10 years average annual 8.47% 7.34%
Weekly media advert. rent $500 $450
Time on Market 66.9 days 87.9 days
Gross Rental Yield Percent 3.01% 3.94%
demographics (median values)
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