Airbnb declared illegal in NSW
As a result of the COVID-19 pandemic, market-leading service Airbnb has been declared illegal in NSW. ...
Subscribe to our newsletter
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 $1,108,000.
The downward trend in home prices in KOGARAH, 2217 averaged -4.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $630 mark, reflecting a 2.96% increase in returns based on the current median price in KOGARAH.
An average of 3.25 real estate transactions take place per month in KOGARAH which translates to 39 per annum.
39 properties were sold in KOGARAH in 2016, making it the 755th most active market in NSW based on total real estate transactions.
KOGARAH, 2217 places 668th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,108,000 | $630,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.73% | 3.28% |
| Median 12 month | -7.67% | -5.97% |
| Median 3 years | -14.87% | 5% |
| Median 5 years | 15.3% | 5% |
| 10 years average annual | 6.35% | 5.49% |
| Weekly media advert. rent | $630 | $485 |
| Time on Market | 75.7 days | 59.9 days |
| Gross Rental Yield Percent | 2.96% | 4% |
As a result of the COVID-19 pandemic, market-leading service Airbnb has been declared illegal in NSW. ...
Marked by a fifth consecutive month of price growth, Perth has successfully sustained the recovery of its property market during the first q...
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
