Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
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 $792,000.
The downward trend in home prices in WATTLE GROVE, 2173 averaged -0.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 3.48% increase in returns based on the current median price in WATTLE GROVE.
An average of 7.5 real estate transactions take place per month in WATTLE GROVE which translates to 90 per annum.
90 properties were sold in WATTLE GROVE in 2016, making it the 47th most active market in NSW based on total real estate transactions.
WATTLE GROVE, 2173 places 636th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $792,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.89% | N/A |
| Median 12 month | -0.06% | N/A |
| Median 3 years | -0.5% | N/A |
| Median 5 years | 27.74% | N/A |
| 10 years average annual | 7.01% | N/A |
| Weekly media advert. rent | $530 | N/A |
| Time on Market | 60.8 days | N/A |
| Gross Rental Yield Percent | 3.48% | N/A |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
