How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
NORTH ROCKS, 2151 ranks 1015th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.86% 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 $1,360,000.
The upward trend in home prices in NORTH ROCKS, 2151 averaged 1.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $592.5 mark, reflecting a 2.27% increase in returns based on the current median price in NORTH ROCKS.
An average of 6.67 real estate transactions take place per month in NORTH ROCKS which translates to 80 per annum.
80 properties were sold in NORTH ROCKS in 2016, making it the 127th most active market in NSW based on total real estate transactions.
NORTH ROCKS, 2151 places 539th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.86%||20.97%|
|Median 3 years||4.53%||-17.13%|
|Median 5 years||15.25%||13.64%|
|10 years average annual||7.85%||4.84%|
|Weekly media advert. rent||$592.5||$470|
|Time on Market||37.5 days||111.7 days|
|Gross Rental Yield Percent||2.27%||3.26%|