PELICAN, 2281 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling PELICAN, 2281 values up and netting property investors a capital gain of 21.62% for the past year.
Investors saw the median home price rise to $638,500.
Profits due to an upward trend in home prices in the suburb averaged 10.78% per annum over a 3-year period.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PELICAN, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 14 properties were sold in PELICAN during the past year, making it the 1188th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.62%||N/A|
|Median 3 years||32.33%||N/A|
|Median 5 years||64.99%||N/A|
|10 years average annual||7.25%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|