Swansea

POSTAL CODE: NSW, 2281

HOUSE

UNIT

Property investments in SWANSEA fare well against the rest of the country last year, registering a median home price increase of 11.86%.

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 SWANSEA, 2281 saw average growth in the long term.

Real estate investors could earn a rental income of $660 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 80 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 $1,085,000.

SWANSEA ranks 590th on the list of best yielding suburbs for rental properties in NSW, posting a 3.16% return.

SWANSEA, 2281 ranks 149th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.77% for property investors last year.

Based on its average 5-year and quarterly capital gains SWANSEA, 2281 saw average growth in the long term.

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

Profits due to an upward trend in home prices in SWANSEA, 2281 averaged 10.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $565 mark, reflecting a 3.72% increase in returns based on the current median price in SWANSEA.

An average of 3.08 real estate transactions take place per month in SWANSEA which translates to 37 per annum.

37 properties were sold in SWANSEA during the past year, making it the 208th most active market in NSW based on total real estate transactions.

SWANSEA, 2281 places 321st 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	$1,085,000	$789,000
Growth Report
Median Quarterly	2.84%	1.15%
Median 12 month	11.86%	27.77%
Median 3 years	23.86%	31.5%
Median 5 years	61.94%	66.11%
10 years average annual	9.29%	8.36%
Weekly media advert. rent	$660	$565
Time on Market	80 days	49.5 days
Gross Rental Yield Percent	3.16%	3.72%

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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