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2 MIN READThe 10 Most Popular Suburbs For First-home Buyers
More than one-third of first-home buyers in Australia’s most expensive state are now aged in their twenties – and it...
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PrestonsPrestons - SUBURB PROFILE REPORT
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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 $820,000.
The upward trend in home prices in PRESTONS, 2170 averaged 1.4% per annum over a 3-year period.
Average weekly rents on listings have reached the $545 mark, reflecting a 3.46% increase in returns based on the current median price in PRESTONS.
An average of 13.75 real estate transactions take place per month in PRESTONS which translates to 165 per annum.
165 properties were sold in PRESTONS in 2016, making it the 1105th most active market in NSW based on total real estate transactions.
PRESTONS, 2170 places 747th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $820,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.63% | N/A |
| Median 12 month | 11.79% | N/A |
| Median 3 years | 4.19% | N/A |
| Median 5 years | 13.89% | N/A |
| 10 years average annual | 6.14% | N/A |
| Weekly media advert. rent | $545 | N/A |
| Time on Market | 49.4 days | N/A |
| Gross Rental Yield Percent | 3.46% | N/A |
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