REDBANK PLAINS 
1 MIN READDemand 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...
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WyeeWyee - SUBURB PROFILE REPORT
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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 Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.46% | N/A |
| 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 |
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