MARAYONG, 2148 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling MARAYONG, 2148 values up and netting property investors a capital gain of 9.86% for the past year.
Investors saw the median home price rise to $680,000.
Profits due to an downward trend in home prices in the suburb averaged -1.07% per annum over a 3-year period.
MARAYONG now ranks at the 425th 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 MARAYONG 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 $400 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 MARAYONG, homes and units usually stay on listing for an average of 35.9 days.
In 2016, 87 properties were sold in MARAYONG during the past year, making it the 70th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.03% | N/A |
| Median 12 month | 9.86% | N/A |
| Median 3 years | -3.2% | N/A |
| Median 5 years | 17.44% | N/A |
| 10 years average annual | 7.27% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 35.9 days | N/A |
| Gross Rental Yield Percent | 3.06% | N/A |
In this episode of Investing Insights with Right Property Group, Steve Waters, Victor Kumar and Phil Tarrant discuss buying in the GFC, prop...
Several south and south-western suburbs are the most affordable areas in Sydney to buy a property. ...
While selling a home can often result in huge gains, it also entails costs that can be quite expensive. Here are some of the expenses that s...
Demand for particular public schools in Perth has driven up house prices in some catchment zones by more than 35 per cent over the past ye...
New report from Domain revealed the top 10 primary and secondary school catchment zones, all with more than a 25 per cent house price growth...
In the ANZ’s latest report, Australian housing: a strong 2021, the bank’s economists forecast a buoyant year ahead for the Hobart housin...
Get notifications in real-time for staying up to date with content that matters to you.
