Auction Activity: Is This The ‘best Winter Market Ever’?
Auction clearance rates across capital cities have held steady amid higher volumes, new data has revealed. ...
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 $900,000.
The upward trend in home prices in CABRAMATTA, 2166 averaged 3.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 2.43% increase in returns based on the current median price in CABRAMATTA.
An average of 5.33 real estate transactions take place per month in CABRAMATTA which translates to 64 per annum.
64 properties were sold in CABRAMATTA in 2016, making it the 247th most active market in NSW based on total real estate transactions.
CABRAMATTA, 2166 places 382nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.05%||2.21%|
|Median 3 years||9.42%||-6.29%|
|Median 5 years||4.05%||-2.46%|
|10 years average annual||7.48%||5.82%|
|Weekly media advert. rent||$420||$320|
|Time on Market||88.5 days||82.8 days|
|Gross Rental Yield Percent||2.43%||3.99%|