AREA REPORTS

Rankin Park

Suburb Profile

Rankin Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2287

house

Property investors enjoyed capital gains of 20.87% over the last 12 months in RANKIN PARK, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.2% growth over a ten-year period. It ranks 1212th on our list of suburbs that property investors should look into.

RANKIN PARK, 2287 has a capital gain of 20.87% for the past year, which is higher than average compared to its 56.6% growth within a five-year period.

With the median home price in RANKIN PARK sitting at $622,500, and the average rent at $450, property owners could potentially earn a 3.76% increase in gross rental yield.

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

RANKIN PARK, 2287 in NSW belongs to the local government area of Lake Macquarie.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $622,500 N/A
GROWTH REPORT
Median Quarterly 3.75% N/A
Median 12 month 20.87% N/A
Median 3 years 35.33% N/A
Median 5 years 56.6% N/A
10 years average annual 6.2% N/A
Weekly media advert. rent $450 N/A
Time on Market 23.3 days N/A
Gross Rental Yield Percent 3.76% N/A
demographics (median values)
Total Population
2568
Weekly Household Income
1355
Household Size
2.80
demographics
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