Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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Based on its average 5-year and quarterly capital gains GIRRAWEEN, 2145 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that GIRRAWEEN, 2145 obtained a 6.93% growth over a ten-year period. It ranks 626th on our list of suburbs that property investors should look into.
GIRRAWEEN, 2145 in NSW belongs to the local government area of Cumberland (A).
GIRRAWEEN, 2145 has a capital gain of 5.63% for the past year, which is higher than average compared to its 17.36% growth within a five-year period.
With the median home price in GIRRAWEEN sitting at $845,000, and the average rent at $515, property owners could potentially earn a 3.17% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GIRRAWEEN are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $845,000 | $646,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.9% | 0.94% |
| Median 12 month | 5.63% | -6.38% |
| Median 3 years | -3.76% | -7.71% |
| Median 5 years | 17.36% | 17.46% |
| 10 years average annual | 6.93% | 6.96% |
| Weekly media advert. rent | $515 | $460 |
| Time on Market | 42.0 days | 79.7 days |
| Gross Rental Yield Percent | 3.17% | 3.7% |
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