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 $627,000.
The upward trend in home prices in MARDI, 2259 averaged 11.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 4.15% increase in returns based on the current median price in MARDI.
An average of 5.58 real estate transactions take place per month in MARDI which translates to 67 per annum.
67 properties were sold in MARDI in 2016, making it the 208th most active market in NSW based on total real estate transactions.
MARDI, 2259 places 1032nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.64%||N/A|
|Median 3 years||35.57%||N/A|
|Median 5 years||60.77%||N/A|
|10 years average annual||5.91%||N/A|
|Weekly media advert. rent||$500||N/A|
|Time on Market||47.2 days||N/A|
|Gross Rental Yield Percent||4.15%||N/A|