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Burraneer

Suburb Profile

Burraneer - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2230

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unit

Property investments in BURRANEER did not fare well against the rest of the country last year, registering a median home price decrease of -6.67%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BURRANEER, 2230 saw average growth in the long term.

Real estate investors could earn a rental income of $800 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 118.3 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,985,500.

BURRANEER ranks 1080th on the list of best yielding suburbs for rental properties in NSW, posting a 2.1% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,985,500 $987,500
GROWTH REPORT
Median Quarterly 4.47% -11.83%
Median 12 month -6.67% -28.79%
Median 3 years -13.11% -27.66%
Median 5 years -3.15% N/A
10 years average annual 3.3% -3.39%
Weekly media advert. rent $800 $620
Time on Market 118.3 days 0.0 days
Gross Rental Yield Percent 2.1% 3.26%
demographics (median values)
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