Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
Property investors have seen a 9.77% gain in NORDS WHARF based on an increase 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $679,500
Profits averaged 6.76% 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 $385 based on current median home prices for the suburb.
The gross rental yield in NORDS WHARF, 2281 is 2.95%.
An average of 1.33 real estate transactions take place per month in NORDS WHARF which translates to 16 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $679,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.77% | N/A |
| Median 12 month | -15.06% | N/A |
| Median 3 years | 20.27% | N/A |
| Median 5 years | 64.73% | N/A |
| 10 years average annual | 10.06% | N/A |
| Weekly media advert. rent | $385 | N/A |
| Time on Market | 56.5 days | N/A |
| Gross Rental Yield Percent | 2.95% | N/A |
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