AREA REPORTS

Empire Bay

 

 

NSW/
Empire bay

Suburb Profile

Empire Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2257

house

EMPIRE BAY, 2257 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 EMPIRE BAY, 2257 values up and netting property investors a capital gain of 15.71% for the past year.

Investors saw the median home price rise to $810,000.

Profits due to an upward trend in home prices in the suburb averaged 12.43% per annum over a 3-year period.

EMPIRE BAY now ranks at the 843rd 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 EMPIRE BAY are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 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 EMPIRE BAY, homes and units usually stay on listing for an average of 93.6 days.

In 2016, 55 properties were sold in EMPIRE BAY during the past year, making it the 324th 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 $810,000 N/A
GROWTH REPORT
Median Quarterly -2.41% N/A
Median 12 month 15.71% N/A
Median 3 years 37.29% N/A
Median 5 years 82.02% N/A
10 years average annual 10.14% N/A
Weekly media advert. rent $550 N/A
Time on Market 93.6 days N/A
Gross Rental Yield Percent 3.53% N/A
demographics (median values)
Total Population
2369
Weekly Household Income
972
Household Size
2.70
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Tradie

Dodgy ‘roof repairing’ conmen exploiting property owners

The Western Australian government has put out a call for WA property owners to watch out for roof repair conmen who are asking payment for w...

Aerial shot of suburbs

Property tax changes tipped to impact rental costs

Research from one of Australia’s largest housing building associations has modelled the impact of capital gains tax (CGT) and negative ge...

Quick tips for increasing borrowing power

Investors have no doubt found it difficult to navigate the lending landscape at the moment, so one broker shares a tip on how investors can ...

‘Cosmetically challenged properties’ offer opportunities to Sydney investors

Despite the softening of the Sydney property market, experts believe that the capital city continues to hold wealth-creation opportunities f...

Canberra

Canberra deemed Australia’s most liveable city by Australians

A new report has found that despite Melbourne’s history of being known as the world’s most liveable city for numerous years, Australia...

NSW

The policies impacting property in the NSW state election

Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...