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Facing the prospect of an official rate cut soon, the major banks have been cutting their home loan rates out of cycle. Which of the popular...
STOCKTON, 2295 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 $725,000.
Profits due to an upward trend in home prices in the suburb averaged 10.41% per annum over a 3-year period.
STOCKTON now ranks at the 954th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in STOCKTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In STOCKTON, homes and units usually stay on listing for an average of 57.7 days.
In 2016, 90 properties were sold in STOCKTON during the past year, making it the 58th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.33% | N/A |
| Median 12 month | -0.68% | N/A |
| Median 3 years | 31.22% | N/A |
| Median 5 years | 57.61% | N/A |
| 10 years average annual | 7.13% | N/A |
| Weekly media advert. rent | $460 | N/A |
| Time on Market | 57.7 days | N/A |
| Gross Rental Yield Percent | 3.3% | N/A |
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