Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
The suburb’s capital gain of 16.93% for the past year is higher than average compared to its 28.49% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in CONNELLS POINT, the median home price is sitting at $2,338,500, and the average rent at $875, this suggests property owners could potentially earn a 1.95% increase in gross rental yield.
Property investors have seen a 8.39% gain in CONNELLS POINT based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on CONNELLS POINT, 2221 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.93%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.2% growth over a ten-year period. It ranks 776th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.93%||N/A|
|Median 3 years||33.63%||N/A|
|Median 5 years||28.49%||11.08%|
|10 years average annual||8.2%||10.15%|
|Weekly media advert. rent||$875||$580|
|Time on Market||39.5 days||0.0 days|
|Gross Rental Yield Percent||1.95%||2.8%|