Migration cut plans set to impact property market
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Property investors have seen a -2.47% drop in ST JOHNS PARK based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ST JOHNS PARK, 2176 saw average growth in the long term.
The NSW 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 $790,000
Profits averaged 6.12% per annum over a 3-year period, due to an upward trend in home prices in ST JOHNS PARK, 2176.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in ST JOHNS PARK, 2176 is 3.29%.
An average of 3.67 real estate transactions take place per month in ST JOHNS PARK which translates to 44 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.47% | N/A |
| Median 12 month | -4.24% | N/A |
| Median 3 years | 18.35% | N/A |
| Median 5 years | 58.32% | N/A |
| 10 years average annual | 8.33% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 68.6 days | N/A |
| Gross Rental Yield Percent | 3.29% | N/A |
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