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Property investors have seen a -11.1% drop in ROCKDALE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ROCKDALE, 2216 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 $1,085,000
Profits averaged -2.81% per annum over a 3-year period, due to an downward trend in home prices in ROCKDALE, 2216.
This means, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
The gross rental yield in ROCKDALE, 2216 is 3.02%.
An average of 5.67 real estate transactions take place per month in ROCKDALE which translates to 68 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,085,000 | $647,000 |
| GROWTH REPORT | ||
| Median Quarterly | -11.1% | -0.15% |
| Median 12 month | -19.51% | -3.43% |
| Median 3 years | -8.44% | 2.7% |
| Median 5 years | 47.62% | 31.64% |
| 10 years average annual | 8.6% | 6.32% |
| Weekly media advert. rent | $630 | $550 |
| Time on Market | 88.9 days | 61.7 days |
| Gross Rental Yield Percent | 3.02% | 4.42% |
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