Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
ST HUBERTS ISLAND, 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 ST HUBERTS ISLAND, 2257 values up and netting property investors a capital gain of 42.86% for the past year.
Investors saw the median home price rise to $1,750,000.
Profits due to an upward trend in home prices in the suburb averaged 14.48% per annum over a 3-year period.
ST HUBERTS ISLAND now ranks at the 46th 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 ST HUBERTS ISLAND 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 $862.5 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 ST HUBERTS ISLAND, homes and units usually stay on listing for an average of 23.5 days.
In 2016, 28 properties were sold in ST HUBERTS ISLAND during the past year, making it the 760th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||42.86%||N/A|
|Median 3 years||43.44%||N/A|
|Median 5 years||50.21%||N/A|
|10 years average annual||10.08%||N/A|
|Weekly media advert. rent||$862.5||N/A|
|Time on Market||23.5 days||N/A|
|Gross Rental Yield Percent||2.56%||N/A|