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1 MIN READCanberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
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North RocksNorth Rocks - SUBURB PROFILE REPORT
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NORTH ROCKS, 2151 ranks 1863rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.96% for property investors.
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 $1,369,000.
The upward trend in home prices in NORTH ROCKS, 2151 averaged 2.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $592.5 mark, reflecting a 2.25% increase in returns based on the current median price in NORTH ROCKS.
An average of 7.83 real estate transactions take place per month in NORTH ROCKS which translates to 94 per annum.
94 properties were sold in NORTH ROCKS in 2016, making it the 28th most active market in NSW based on total real estate transactions.
NORTH ROCKS, 2151 places 989th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,369,000 | $700,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.41% | -3.45% |
| Median 12 month | 9.96% | 15.7% |
| Median 3 years | 6.08% | -22.65% |
| Median 5 years | 16.51% | 6.06% |
| 10 years average annual | 7.67% | 3.99% |
| Weekly media advert. rent | $592.5 | $460 |
| Time on Market | 50.5 days | 122.6 days |
| Gross Rental Yield Percent | 2.25% | 3.42% |
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