Turrella

POSTAL CODE: NSW, 2205

HOUSE

UNIT

Property investors have seen a -5.61% drop in TURRELLA based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains TURRELLA, 2205 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 $1,802,800

Profits averaged 16.67% per annum over a 3-year period, due to an upward trend in home prices in TURRELLA, 2205.

This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.

The gross rental yield in TURRELLA, 2205 is 2.25%.

An average of 1.25 real estate transactions take place per month in TURRELLA which translates to 15 per annum.

Property investments in TURRELLA fare well against the rest of the country last year, registering a median home price increase of 5.96%.

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

Based on its average 5-year and quarterly capital gains TURRELLA, 2205 saw average growth in the long term.

This means, real estate investors could earn a rental income of $780 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In TURRELLA, homes and units usually stay on listing for an average of 34.2 days.

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 $800,000

Investors saw the median home price rise to $800,000.

TURRELLA ranks 105th on the list of best yielding suburbs for rental properties in NSW, posting a 5.07% return.

Surburb overview

Turrella is a suburb in NSW that’s on the government’s list of high priority precincts for development. In a few years’ time, Turella will be the site of high-rise residential properties, lifestyle blocks and recreational spaces that will cater to its incoming residents. It is expected that about 30,000 homes will be added to Turella. Some industrial facilities are located at its periphery.

Getting around Turrella

Turrella is just a stone's throw away from all the happenings in Newtown and is a 15-minute drive away from surrounding suburbs such as Arncliffe, Wolli Creek, and Bardwell Park. Turrella has an efficient transport link and its own train station and is accessible from major highways, situated 10 kilometres from Sydney Airport.

Real estate activities

Home listings in Turrella include a mix of apartments or multi-family properties and homes. With construction for new developments staged to begin in the near future, Turrella is expected to become more expensive for buyers who want easy access to Sydney’s central business district. The current median price of homes in Turrella is $1 million, while units sell at $700,000. These prices reflect an over 50 per cent increase and 20 per cent increase over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,802,800	$800,000
Growth Report
Median Quarterly	-5.61%	0%
Median 12 month	0%	5.96%
Median 3 years	50.23%	13.72%
Median 5 years	0%	14.29%
10 years average annual	-2.55%	1.55%
Weekly media advert. rent	$780	$780
Time on Market	N/A	34.2 days
Gross Rental Yield Percent	2.25%	5.07%

Demographics (Median Values)*

Total Population 19447

Weekly Household Income 1763

Household Size 2.70

Average Age 30

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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