Double-digit price growth to stick around as ‘property boom’ arrives
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
A steady increase in median property prices over a five-year period in the suburb translates to a -2.54% capital gain.
It 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 $1,575,000
The augmented property values in the suburb are trailing above the territorial average of 6.97% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.
Home owners selling their properties and realtors in CASTLE HILL usually have to wait an average of 52.4 days days before their assets are lifted off the market.
The NSW suburb ranks 1011th on the list of best yielding suburbs for rental properties in NSW, posting a 2.15% return.
It also places places 960th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,575,000 | $921,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.05% | 0.55% |
| Median 12 month | 11.9% | 13.7% |
| Median 3 years | -2.54% | 4.07% |
| Median 5 years | 19.32% | 12.32% |
| 10 years average annual | 8.17% | 6.53% |
| Weekly media advert. rent | $650 | $540 |
| Time on Market | 52.4 days | 54.3 days |
| Gross Rental Yield Percent | 2.15% | 3.05% |
According to leading indicators, Australia’s property boom officially began in November, following several slow months on the back of the ...
After a COVID-induced downturn, Sydney and Melbourne have reinforced their continued recovery, logging more sales than the remaining capital...
The construction of new homes in Australia is forecast to “get worse before it gets better”, according to Deloitte Access Economics, b...
Sydney’s inner ring continued to attract tenants in December as the end of 2020 brought more stability to the rental accommodation market ...
Despite suffering its first recession in almost 30 years, Australian property markets remained remarkably resilient in the face of a global ...
For the first time, Metropolitan Melbourne house values have surpassed a median price of $900,000. ...
Get notifications in real-time for staying up to date with content that matters to you.
