Auction Activity: Is This The ‘best Winter Market Ever’?
Auction clearance rates across capital cities have held steady amid higher volumes, new data has revealed. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $725,000.
The upward trend in home prices in MARDI, 2259 averaged 2.47% per annum over a 3-year period.
Average weekly rents on listings have reached the $517.5 mark, reflecting a 3.71% increase in returns based on the current median price in MARDI.
An average of 5.17 real estate transactions take place per month in MARDI which translates to 62 per annum.
62 properties were sold in MARDI in 2016, making it the 264th most active market in NSW based on total real estate transactions.
MARDI, 2259 places 356th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.81%||4.17%|
|Median 3 years||7.4%||N/A|
|Median 5 years||26.64%||21.53%|
|10 years average annual||6.72%||6.74%|
|Weekly media advert. rent||$517.5||$410|
|Time on Market||59.4 days||0.0 days|
|Gross Rental Yield Percent||3.71%||4.87%|