Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
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 $771,000.
The downward trend in home prices in CASULA, 2170 averaged -0.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.17% increase in returns based on the current median price in CASULA.
An average of 10.5 real estate transactions take place per month in CASULA which translates to 126 per annum.
126 properties were sold in CASULA in 2016, making it the 1229th most active market in NSW based on total real estate transactions.
CASULA, 2170 places 787th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $771,000 | $605,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | 0.83% |
| Median 12 month | 3.63% | 5.22% |
| Median 3 years | -2.71% | 0.83% |
| Median 5 years | 13.38% | 20.76% |
| 10 years average annual | 6.31% | 6.22% |
| Weekly media advert. rent | $470 | $445 |
| Time on Market | 61.3 days | 39.7 days |
| Gross Rental Yield Percent | 3.17% | 3.82% |
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