Nords Wharf

POSTAL CODE: NSW, 2281

HOUSE

Property investors have seen a -2.5% drop in NORDS WHARF based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains NORDS WHARF, 2281 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 $975,000

Profits averaged 2% per annum over a 3-year period, due to an upward trend in home prices in NORDS WHARF, 2281.

This means, real estate investors could earn a rental income of $825 based on current median home prices for the suburb.

The gross rental yield in NORDS WHARF, 2281 is 4.4%.

An average of 2.42 real estate transactions take place per month in NORDS WHARF which translates to 29 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$975,000	N/A
Growth Report
Median Quarterly	-2.5%	N/A
Median 12 month	1.83%	N/A
Median 3 years	6.27%	N/A
Median 5 years	52.34%	N/A
10 years average annual	6.57%	N/A
Weekly media advert. rent	$825	N/A
Time on Market	133.7 days	N/A
Gross Rental Yield Percent	4.4%	N/A

Demographics (Median Values)*

Total Population 14274

Weekly Household Income 1146

Household Size 2.40

Average Age 48

Monthly Loan Repayment 1836

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

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