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1 MIN READ‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
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Wattle GroveWattle Grove - 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 $852,500.
The upward trend in home prices in WATTLE GROVE, 2173 averaged 1.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.35% increase in returns based on the current median price in WATTLE GROVE.
An average of 6.83 real estate transactions take place per month in WATTLE GROVE which translates to 82 per annum.
82 properties were sold in WATTLE GROVE in 2016, making it the 105th most active market in NSW based on total real estate transactions.
WATTLE GROVE, 2173 places 1188th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $852,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.55% | N/A |
| Median 12 month | 5.25% | N/A |
| Median 3 years | 3.96% | N/A |
| Median 5 years | 11.44% | N/A |
| 10 years average annual | 6.38% | N/A |
| Weekly media advert. rent | $550 | N/A |
| Time on Market | 33.7 days | N/A |
| Gross Rental Yield Percent | 3.35% | N/A |
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