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...
EDGEWORTH, 2285 ranks 2078th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.99% for property investors.
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 $485,000.
The upward trend in home prices in EDGEWORTH, 2285 averaged 2.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 4.61% increase in returns based on the current median price in EDGEWORTH.
An average of 10.75 real estate transactions take place per month in EDGEWORTH which translates to 129 per annum.
129 properties were sold in EDGEWORTH in 2016, making it the 1285th most active market in NSW based on total real estate transactions.
EDGEWORTH, 2285 places 517th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.99%||N/A|
|Median 3 years||8.32%||10.2%|
|Median 5 years||32.88%||36.39%|
|10 years average annual||4.54%||N/A|
|Weekly media advert. rent||$430||$360|
|Time on Market||30.7 days||0.0 days|
|Gross Rental Yield Percent||4.61%||4.5%|