
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 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 |