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Austral
AREA REPORTS

Austral

Austral - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2179

house

AUSTRAL, 2179 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling AUSTRAL, 2179 values up and netting property investors a capital gain of 22.88% for the past year.

Investors saw the median home price rise to $486,000.

Profits due to an upward trend in home prices in the suburb averaged 4.78% per annum over a 3-year period.

AUSTRAL now ranks at the 275th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in AUSTRAL are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In AUSTRAL, homes and units usually stay on listing for an average of 108.4 days.

In 2016, 450 properties were sold in AUSTRAL during the past year, making it the 453rd most active market in NSW based on total real estate transactions.

Data report can be found below

Austral
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $486,000 N/A
GROWTH REPORT
Median Quarterly 9.71% N/A
Median 12 month 22.88% N/A
Median 3 years 14.35% N/A
Median 5 years -80.16% N/A
10 years average annual 2.02% N/A
Weekly media advert. rent $550 N/A
Time on Market 108.4 days N/A
Gross Rental Yield Percent 5.88% N/A
demographics (median values)*
Total Population
6530
Weekly Household Income
1481
Household Size
3.00
Age
38
Monthly Loan Repayment
2400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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