Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $570,000.
The downward trend in home prices in SADLEIR, 2168 averaged -1.53% per annum over a 3-year period.
Average weekly rents on listings have reached the $392.5 mark, reflecting a 3.58% increase in returns based on the current median price in SADLEIR.
An average of 1.92 real estate transactions take place per month in SADLEIR which translates to 23 per annum.
23 properties were sold in SADLEIR in 2016, making it the 803rd most active market in NSW based on total real estate transactions.
SADLEIR, 2168 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $570,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -12.31% | N/A |
| Median 3 years | -4.6% | N/A |
| Median 5 years | 26.67% | N/A |
| 10 years average annual | 8.26% | N/A |
| Weekly media advert. rent | $392.5 | N/A |
| Time on Market | 56.1 days | N/A |
| Gross Rental Yield Percent | 3.58% | N/A |
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