PANANIA, 2213 ranks 1586th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.1% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $995,000.
The upward trend in home prices in PANANIA, 2213 averaged 13.61% per annum over a 3-year period.
Average weekly rents on listings have reached the $570 mark, reflecting a 2.98% increase in returns based on the current median price in PANANIA.
An average of 20.83 real estate transactions take place per month in PANANIA which translates to 250 per annum.
250 properties were sold in PANANIA in 2016, making it the 769th most active market in NSW based on total real estate transactions.
PANANIA, 2213 places 639th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.1%||19.22%|
|Median 3 years||40.84%||30.62%|
|Median 5 years||69.36%||55.61%|
|10 years average annual||8.49%||8.92%|
|Weekly media advert. rent||$570||$490|
|Time on Market||51.4 days||19.0 days|
|Gross Rental Yield Percent||2.98%||3.45%|