Property Growth Expectations Hit Record Highs
Confidence in the property industry is just shy of setting a new record, buoyed by the speed of economic turnaround and ...
Property investors have seen a 6.39% gain in ROUSE HILL based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ROUSE HILL, 2155 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.2%.
Based on its average 5-year and quarterly capital gains ROUSE HILL, 2155 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 $1,007,500
Profits averaged -3.02% per annum over a 3-year period, due to an downward trend in home prices in ROUSE HILL, 2155.
This means, real estate investors could earn a rental income of $620 based on current median home prices for the suburb.
The gross rental yield in ROUSE HILL, 2155 is 3.2%.
An average of 14.33 real estate transactions take place per month in ROUSE HILL which translates to 172 per annum.
Rouse Hill is a suburb in the Greater Western Sydney area that belongs to the Hills District of Sydney. It has access to the Sydney central business district via the Warringah Freeway in North Sydney.
A massive transformation is taking place in Rouse Hill following a number of infrastructure works all throughout the metro. Some road widening projects in the suburb have just wrapped up; the same goes for its railway link, with the last of the concrete piece fitted into the railway bridge over Windsor Road and Rouse Hill. The addition of new infrastructure has opened up new developments in the suburb, as property investors anticipate an influx of new residents.
Rouse Hill amenities include a number of day care facilities, primary schools, parks, and a town centre that answers residents' lifestyle needs. A new school has been green-lighted for construction soon, as well. The government of Rouse Hill is particularly focused on giving the go ahead for infrastructure projects and amenities to cater to its swelling population.
Real estate cost
The median home price in Rouse Hill have increased in the past five years by over 60 per cent. The gross rental yield is also on a slow but steady climb. New residential developments are buoying prices, with several apartment units and homes being offered for off-the-plan purchase or in the form of full turnkey packages. Vast lots that have been released for rezoning are also on offer.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.2%||2.2%|
|Median 3 years||-9.07%||-0.38%|
|Median 5 years||8.33%||0.38%|
|10 years average annual||5.76%||-1.22%|
|Weekly media advert. rent||$620||$480|
|Time on Market||43.3 days||77.3 days|
|Gross Rental Yield Percent||3.2%||3.8%|