Property Market Update: Brisbane, August 2021
Brisbane property prices went against the grain in August, delivering steady gains as its bigger capital city peers face...
WILEY PARK, 2195 delivered a stronger 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 WILEY PARK, 2195 values up and netting property investors a capital gain of 25.52% for the past year.
Investors saw the median home price rise to $950,000.
Profits due to an upward trend in home prices in the suburb averaged 1.73% per annum over a 3-year period.
WILEY PARK now ranks at the 1007th 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 WILEY PARK 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 $490 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 WILEY PARK, homes and units usually stay on listing for an average of 65.9 days.
In 2016, 48 properties were sold in WILEY PARK during the past year, making it the 434th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||25.52%||-1.28%|
|Median 3 years||5.2%||-16.21%|
|Median 5 years||15.68%||-11.49%|
|10 years average annual||7.48%||4.1%|
|Weekly media advert. rent||$490||$320|
|Time on Market||65.9 days||51.2 days|
|Gross Rental Yield Percent||2.68%||4.32%|