Investment tip: Building a property development team
Success in property development, as in all wealth-creation strategies, requires passion and dedication, thorough research, and the help of r...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $700,000.
The upward trend in home prices in FISHING POINT, 2283 averaged 2.29% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 3.19% increase in returns based on the current median price in FISHING POINT.
An average of 2.5 real estate transactions take place per month in FISHING POINT which translates to 30 per annum.
30 properties were sold in FISHING POINT in 2016, making it the 652nd most active market in NSW based on total real estate transactions.
FISHING POINT, 2283 places 930th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.11% | N/A |
| Median 12 month | -10.26% | N/A |
| Median 3 years | 6.87% | N/A |
| Median 5 years | 17.65% | N/A |
| 10 years average annual | 5.71% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 81.8 days | N/A |
| Gross Rental Yield Percent | 3.19% | N/A |
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