Canberra 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...
Property investors have seen a 2.61% gain in BELLA VISTA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BELLA VISTA, 2153 saw average growth in the long term.
The NSW 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 $1,600,750
Profits averaged -2.93% per annum over a 3-year period, due to an downward trend in home prices in BELLA VISTA, 2153.
This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.
The gross rental yield in BELLA VISTA, 2153 is 2.53%.
An average of 9.83 real estate transactions take place per month in BELLA VISTA which translates to 118 per annum.
Bella Vista is a suburb located 33 kilometres from Sydney’s central business district. It is covered by the local government area of The Hills Shire, and is situated between the suburbs of Glenwood and Baulkham Hills.
Real estate profile
A fast-rising commercial hub, Bella Vista’s Norwest Business Park is home to several Fortune 500 companies, and a number of shopping centres, high-rise buildings, and industrial and recreational spaces. For this reason, property investors are turning to the suburb’s commercial real estate environment, and most are betting on higher returns from commercial properties.
Residential properties for sale in Bella Vista, on the other hand, are in the form of luxurious multi-unit homes. Average lot areas per property span 600 square metres, allowing for intricate landscaping, and therefore lending homes for sale a curb appeal that’s irresistible to buyers.
Plans to add new developments and infrastructure to Bella Vista are in the works to boost employment in the suburb, ease traffic congestion, and add more dwelling spaces for both professionals and families. Among these residential spaces is a high-rise building that will serve as an aged-care and assisted living facility for seniors.
A railway linking Bella Vista and Norwest is under construction, and is slated to open in a few years. About 4,000 homes are expected to be built around this station.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.51%||-2.22%|
|Median 3 years||-8.79%||-7.95%|
|Median 5 years||17.49%||1.73%|
|10 years average annual||6.57%||16.11%|
|Weekly media advert. rent||$780||$550|
|Time on Market||63.2 days||0.0 days|
|Gross Rental Yield Percent||2.53%||3.25%|