City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
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 $780,000.
Average weekly rents on listings have reached the $520 mark, reflecting a 3.47% increase in returns based on the current median price in WOODPARK.
An average of 1.17 real estate transactions take place per month in WOODPARK which translates to 14 per annum.
14 properties were sold in WOODPARK in 2016, making it the 1157th most active market in NSW based on total real estate transactions.
WOODPARK, 2164 places 116th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.85%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||10.05%||N/A|
|10 years average annual||7.78%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.47%||N/A|