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Property investors have seen a -10.52% 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 $1,220,000
Profits averaged 5.03% per annum over a 3-year period, due to an upward 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 2.69%.
An average of 3.17 real estate transactions take place per month in ROCKDALE which translates to 38 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,220,000 | $650,000 |
| GROWTH REPORT | ||
| Median Quarterly | -10.52% | -1.81% |
| Median 12 month | -6.87% | -2.11% |
| Median 3 years | 15.09% | 8.33% |
| Median 5 years | 77.45% | 38.3% |
| 10 years average annual | 9.16% | 6.05% |
| Weekly media advert. rent | $630 | $530 |
| Time on Market | 0.0 days | 69.6 days |
| Gross Rental Yield Percent | 2.69% | 4.24% |
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