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AREA REPORTS

Saratoga

Saratoga - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2251

house

SARATOGA, 2251 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 SARATOGA, 2251 values up and netting property investors a capital gain of 20.45% for the past year.

Investors saw the median home price rise to $927,500.

Profits due to an upward trend in home prices in the suburb averaged 8.73% per annum over a 3-year period.

SARATOGA now ranks at the 83rd 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 SARATOGA 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 $520 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 SARATOGA, homes and units usually stay on listing for an average of 47.5 days.

In 2016, 87 properties were sold in SARATOGA during the past year, making it the 71st most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $927,500 N/A
GROWTH REPORT
Median Quarterly 13.39% N/A
Median 12 month 20.45% N/A
Median 3 years 26.19% N/A
Median 5 years 55.88% N/A
10 years average annual 8.54% N/A
Weekly media advert. rent $520 N/A
Time on Market 47.5 days N/A
Gross Rental Yield Percent 2.92% N/A
demographics (median values)
Total Population
3680
Weekly Household Income
1060
Household Size
2.60
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