4 Key Takeaways From The Treasurer
Property appears to be front and centre of the federal government’s economic agenda, so what can investors expect fro...
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 $1,620,000.
The upward trend in home prices in KOGARAH, 2217 averaged 8.21% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 1.77% increase in returns based on the current median price in KOGARAH.
An average of 5.58 real estate transactions take place per month in KOGARAH which translates to 67 per annum.
67 properties were sold in KOGARAH in 2016, making it the 501st most active market in NSW based on total real estate transactions.
KOGARAH, 2217 places 1059th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||24.62%||15.44%|
|Median 3 years||24.62%||22.46%|
|Median 5 years||36.71%||28.69%|
|10 years average annual||9.12%||6.45%|
|Weekly media advert. rent||$550||$420|
|Time on Market||121.9 days||58.2 days|
|Gross Rental Yield Percent||1.77%||2.78%|