Powered by MOMENTUM MEDIA
Rankin Park
AREA REPORTS

Rankin Park

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

house

Property investors enjoyed capital gains of 8.25% 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 5.14% growth over a ten-year period. It ranks 1701st on our list of suburbs that property investors should look into.

RANKIN PARK, 2287 has a capital gain of 8.25% for the past year, which is higher than average compared to its 39.57% growth within a five-year period.

With the median home price in RANKIN PARK sitting at $656,000, and the average rent at $490, property owners could potentially earn a 3.88% 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 Newcastle (C).

Data report can be found below

Rankin Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $656,000 N/A
GROWTH REPORT
Median Quarterly 0.92% N/A
Median 12 month 8.25% N/A
Median 3 years 3.31% N/A
Median 5 years 39.57% N/A
10 years average annual 5.14% N/A
Weekly media advert. rent $490 N/A
Time on Market 26.7 days N/A
Gross Rental Yield Percent 3.88% N/A
demographics (median values)*
Total Population
36400
Weekly Household Income
1383
Household Size
2.60
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.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.