First Home Buyers Required To Save For Longer As Prices Soar
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
TIGHES HILL, 2297 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling TIGHES HILL, 2297 values up and netting property investors a capital gain of 19.86% for the past year.
Investors saw the median home price rise to $848,000.
Profits due to an upward trend in home prices in the suburb averaged 5.52% per annum over a 3-year period.
TIGHES HILL now ranks at the 337th 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 TIGHES HILL 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 $480 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 TIGHES HILL, homes and units usually stay on listing for an average of 55.7 days.
In 2016, 40 properties were sold in TIGHES HILL during the past year, making it the 514th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.86%||N/A|
|Median 3 years||16.56%||N/A|
|Median 5 years||48.77%||N/A|
|10 years average annual||9.76%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||55.7 days||N/A|
|Gross Rental Yield Percent||2.94%||N/A|