4 Key Takeaways From The Treasurer
Property appears to be front and centre of the federal government’s economic agenda, so what can investors expect fro...
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 $1,210,000.
The upward trend in home prices in SUTHERLAND, 2232 averaged 4.19% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.79% increase in returns based on the current median price in SUTHERLAND.
An average of 5.25 real estate transactions take place per month in SUTHERLAND which translates to 63 per annum.
63 properties were sold in SUTHERLAND in 2016, making it the 253rd most active market in NSW based on total real estate transactions.
SUTHERLAND, 2232 places 262nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.24%||4.68%|
|Median 3 years||12.56%||1.67%|
|Median 5 years||11.26%||7.7%|
|10 years average annual||7.17%||5.55%|
|Weekly media advert. rent||$650||$450|
|Time on Market||48.0 days||36.5 days|
|Gross Rental Yield Percent||2.79%||3.49%|