Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
CANTERBURY, 2193 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 $1,202,500.
Profits due to an downward trend in home prices in the suburb averaged -1.34% per annum over a 3-year period.
CANTERBURY now ranks at the 1227th 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 CANTERBURY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $600 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 CANTERBURY, homes and units usually stay on listing for an average of 88.8 days.
In 2016, 49 properties were sold in CANTERBURY during the past year, making it the 399th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,202,500 | $695,000 |
| GROWTH REPORT | ||
| Median Quarterly | -7.5% | 0% |
| Median 12 month | -12.23% | 0.72% |
| Median 3 years | -4.03% | 6.92% |
| Median 5 years | 54.17% | 24.11% |
| 10 years average annual | 9.07% | 8.1% |
| Weekly media advert. rent | $600 | $500 |
| Time on Market | 88.8 days | 86.4 days |
| Gross Rental Yield Percent | 2.59% | 3.74% |
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