NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $722,500.
The upward trend in home prices in WARNERS BAY, 2282 averaged 5.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.38% increase in returns based on the current median price in WARNERS BAY.
An average of 9.5 real estate transactions take place per month in WARNERS BAY which translates to 114 per annum.
114 properties were sold in WARNERS BAY in 2016, making it the 1377th most active market in NSW based on total real estate transactions.
WARNERS BAY, 2282 places 328th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.02%||8.3%|
|Median 3 years||15.05%||0.24%|
|Median 5 years||35.68%||31.91%|
|10 years average annual||5.81%||4.47%|
|Weekly media advert. rent||$470||$477.5|
|Time on Market||43.8 days||80.9 days|
|Gross Rental Yield Percent||3.38%||4%|