Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investments in WINSTON HILLS fare well against the rest of the country last year, registering a median home price increase of 17.42%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WINSTON HILLS, 2153 saw average growth in the long term.
Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 26.5 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,200,000.
WINSTON HILLS ranks 879th on the list of best yielding suburbs for rental properties in NSW, posting a 2.47% return.
Winston Hills is a sleepy suburb located 28 kilometres from the Sydney central business district. It belongs to the local government area of the City of Parramatta. Winston Hills is bordered by the suburbs of Seven Hills, Baulkham Hills, Northmead, Toongabbie, Old Toongabbie, and Constitution Hill. The suburb’s namesake was British statesman and prime minister Winston Churchill.
Winston Hills used to be the site of a farm where seasonal crops that could be cultivated in the region were shown to residents, hence its former name, Model Farms. Immense development took place in the 1960s to transform the suburb into housing estates. The suburb's street name themes are from literature, science and Christian mythology. Many of its streets were named in honour of authors belonging to the literary canon, scientists, and characters from the bible.
Things to do in Winston Hills
Winston Hills has numerous parks and reserves that contain sporting facilities, playgrounds, picnic areas, and fishing spots. Popular parks include Caber Park, Barnett Park, Buckley Park, John Curtin Reserve, the Third Settlement Reserve, Gail Meagher Park, Caroline Chisholm Park, and the Bruce Cole Reserve, which mostly feature playing fields, playgrounds and tree-lined walking tracks.
As far as amenities go, Winston Hills has three shopping centres: the Winston Hills Mall, which houses over 75 stores, including a supermarket and a food court; the Chisholm Centre along Caroline Chisholm Drive; and the Lomond Centre. Stockland in neighbouring Baulkham Hills is also just a drive away.
When it comes to educational institutions, Winston Hills has over six early childhood and primary schools, public schools, and restaurants. The suburb also has a hotel, which is a popular hangout in the suburb.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||17.42%||N/A|
|Median 3 years||17.65%||N/A|
|Median 5 years||33.33%||N/A|
|10 years average annual||8%||N/A|
|Weekly media advert. rent||$570||N/A|
|Time on Market||26.5 days||N/A|
|Gross Rental Yield Percent||2.47%||N/A|