REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
CARLTON, 2218 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling CARLTON, 2218 values up and netting property investors a capital gain of 11.05% for the past year.
Investors saw the median home price rise to $1,421,500.
Profits due to an upward trend in home prices in the suburb averaged 3.54% per annum over a 3-year period.
CARLTON now ranks at the 578th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CARLTON are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $540 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CARLTON, homes and units usually stay on listing for an average of 56.0 days.
In 2016, 70 properties were sold in CARLTON during the past year, making it the 200th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||11.05%||0.76%|
|Median 3 years||10.62%||0.76%|
|Median 5 years||17%||7.26%|
|10 years average annual||6.79%||4.42%|
|Weekly media advert. rent||$540||$420|
|Time on Market||56.0 days||35.8 days|
|Gross Rental Yield Percent||1.98%||3.28%|