Property Investors Locking-in Their Gains While Rental Yields Are ‘historically’ High
Data suggests that investors are moving to consolidate their profits while they can. ...
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 $829,250.
The downward trend in home prices in WATTLE GROVE, 2173 averaged -0.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 3.26% increase in returns based on the current median price in WATTLE GROVE.
An average of 7 real estate transactions take place per month in WATTLE GROVE which translates to 84 per annum.
84 properties were sold in WATTLE GROVE in 2016, making it the 91st most active market in NSW based on total real estate transactions.
WATTLE GROVE, 2173 places 993rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.66%||N/A|
|Median 3 years||-0.24%||N/A|
|Median 5 years||10.57%||N/A|
|10 years average annual||6.06%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||30.5 days||N/A|
|Gross Rental Yield Percent||3.26%||N/A|