Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 5.46% gain in WYEE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WYEE, 2259 saw average growth in the long term.
The NSW 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 $700,000
Profits averaged 7.96% per annum over a 3-year period, due to an upward trend in home prices in WYEE, 2259.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in WYEE, 2259 is 3.71%.
An average of 3.58 real estate transactions take place per month in WYEE which translates to 43 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||23.89%||N/A|
|Median 5 years||55.56%||N/A|
|10 years average annual||14.03%||N/A|
|Weekly media advert. rent||$500||N/A|
|Time on Market||55.1 days||N/A|
|Gross Rental Yield Percent||3.71%||N/A|