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Kogarah
AREA REPORTS

Kogarah

Kogarah - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2217

house
unit

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.

Data report can be found below

Kogarah
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,620,000 $785,000
GROWTH REPORT
Median Quarterly 13.82% 0.64%
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%
demographics (median values)*
Total Population
26843
Weekly Household Income
1612
Household Size
2.70
Age
35
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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