Marks Point

POSTAL CODE: NSW, 2280

HOUSE

UNIT

Property investments in MARKS POINT did not fare well against the rest of the country last year, registering a median home price decrease of -2.44%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MARKS POINT, 2280 saw average growth in the long term.

Real estate investors could earn a rental income of $730 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 81.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,000,000.

MARKS POINT ranks 332nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.8% return.

Based on its average 5-year and quarterly capital gains MARKS POINT, 2280 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in MARKS POINT, 2280 averaged 2.17% per annum over a 3-year period.

Average weekly rents on listings have reached the $555 mark, reflecting a 4.41% increase in returns based on the current median price in MARKS POINT.

An average of 1.08 real estate transactions take place per month in MARKS POINT which translates to 13 per annum.

13 properties were sold in MARKS POINT during the past year, making it the 554th most active market in NSW based on total real estate transactions.

MARKS POINT, 2280 places 369th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,000,000	$655,000
Growth Report
Median Quarterly	3.09%	0.58%
Median 12 month	-2.44%	0.58%
Median 3 years	26.34%	6.5%
Median 5 years	53.85%	39.36%
10 years average annual	8.92%	7.17%
Weekly media advert. rent	$730	$555
Time on Market	81.6 days	36.4 days
Gross Rental Yield Percent	3.8%	4.41%

Demographics (Median Values)*

Total Population 26678

Weekly Household Income 1327

Household Size 2.50

Average Age 44

Monthly Loan Repayment 1842

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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