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Property investors have seen a -4.54% drop in CARRINGTON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 saw average growth in the long term.
The NSW 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 $577,500
Profits averaged 7.62% per annum over a 3-year period, due to an upward trend in home prices in CARRINGTON, 2294.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in CARRINGTON, 2294 is 4.05%.
An average of 2.5 real estate transactions take place per month in CARRINGTON which translates to 30 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $577,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.54% | N/A |
| Median 12 month | -18.2% | N/A |
| Median 3 years | 22.87% | N/A |
| Median 5 years | 34.3% | N/A |
| 10 years average annual | 7.67% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 78.1 days | N/A |
| Gross Rental Yield Percent | 4.05% | N/A |
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