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 20.9% 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 11.82% per annum over a 3-year period.

EMPIRE BAY now ranks at the 68th 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 $505 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 62.5 days.

In 2016, 43 properties were sold in EMPIRE BAY during the past year, making it the 462nd 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 10.2% N/A
Median 12 month 20.9% N/A
Median 3 years 35.45% N/A
Median 5 years 69.46% N/A
10 years average annual 7.68% N/A
Weekly media advert. rent $505 N/A
Time on Market 62.5 days N/A
Gross Rental Yield Percent 3.24% N/A
demographics (median values)
Total Population
2369
Weekly Household Income
972
Household Size
2.70
demographics
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