Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors have seen a -5.94% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $665,000
Profits averaged 14.86% 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 $460 based on current median home prices for the suburb.
The gross rental yield in CARRINGTON, 2294 is 3.6%.
An average of 3 real estate transactions take place per month in CARRINGTON which translates to 36 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $665,000 | $795,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.94% | 0% |
| Median 12 month | 6.4% | 27.66% |
| Median 3 years | 44.57% | 48.04% |
| Median 5 years | 75% | 84.03% |
| 10 years average annual | 9.86% | 7.19% |
| Weekly media advert. rent | $460 | $470 |
| Time on Market | 54.0 days | 62.8 days |
| Gross Rental Yield Percent | 3.6% | 3.07% |
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