Garden Suburb

POSTAL CODE: NSW, 2289

HOUSE

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.03% growth over a ten-year period. It ranks 1919th on our list of suburbs that property investors should look into.

GARDEN SUBURB, 2289 has a capital gain of -8.61% for the past year, which is lower than average compared to its 26.73% growth within a five-year period.

With the median home price in GARDEN SUBURB sitting at $950,500, and the average rent at $800, property owners could potentially earn a 4.38% increase in gross rental yield.

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

GARDEN SUBURB, 2289 in NSW belongs to the local government area of Lake Macquarie.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$950,500	N/A
Growth Report
Median Quarterly	-0.05%	N/A
Median 12 month	-8.61%	N/A
Median 3 years	-1.02%	N/A
Median 5 years	26.73%	N/A
10 years average annual	7.03%	N/A
Weekly media advert. rent	$800	N/A
Time on Market	29.2 days	N/A
Gross Rental Yield Percent	4.38%	N/A

Demographics (Median Values)*

Total Population 19117

Weekly Household Income 1605

Household Size 2.60

Average Age 39

Monthly Loan Repayment 1950

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

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