Rankin Park

POSTAL CODE: NSW, 2287

HOUSE

Property investors enjoyed capital gains of 16.69% 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 8.01% growth over a ten-year period. It ranks 1260th on our list of suburbs that property investors should look into.

RANKIN PARK, 2287 has a capital gain of 16.69% for the past year, which is higher than average compared to its 51.23% growth within a five-year period.

With the median home price in RANKIN PARK sitting at $986,000, and the average rent at $730, property owners could potentially earn a 3.85% increase in gross rental yield.

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

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$986,000	N/A
Growth Report
Median Quarterly	11.41%	N/A
Median 12 month	16.69%	N/A
Median 3 years	20.24%	N/A
Median 5 years	51.23%	N/A
10 years average annual	8.01%	N/A
Weekly media advert. rent	$730	N/A
Time on Market	22.8 days	N/A
Gross Rental Yield Percent	3.85%	N/A

Demographics (Median Values)*

Total Population 36400

Weekly Household Income 1383

Household Size 2.60

Average Age 36

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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