AREA REPORTS

Speers Point

Suburb Profile

Speers Point - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2284

house
unit

SPEERS POINT, 2284 delivered a stronger 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 SPEERS POINT, 2284 values up and netting property investors a capital gain of 10.12% for the past year.

Investors saw the median home price rise to $680,000.

Profits due to an upward trend in home prices in the suburb averaged 7.88% per annum over a 3-year period.

SPEERS POINT now ranks at the 440th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SPEERS POINT are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SPEERS POINT, homes and units usually stay on listing for an average of 58.2 days.

In 2016, 74 properties were sold in SPEERS POINT during the past year, making it the 158th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $680,000 $423,500
GROWTH REPORT
Median Quarterly 1.49% -15.3%
Median 12 month 10.12% -6.41%
Median 3 years 23.64% -5.89%
Median 5 years 63.86% 37.72%
10 years average annual 6.26% 12.29%
Weekly media advert. rent $420 $400
Time on Market 58.2 days 0.0 days
Gross Rental Yield Percent 3.21% 4.91%
demographics (median values)
Total Population
3108
Weekly Household Income
889.8
Household Size
2.40
demographics
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