Powered by MOMENTUM MEDIA
AREA REPORTS

Georgetown

Suburb Profile

Georgetown - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2298

house

GEORGETOWN, 2298 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 $607,500.

Profits due to an upward trend in home prices in the suburb averaged 4.73% per annum over a 3-year period.

GEORGETOWN now ranks at the 227th 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 GEORGETOWN 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 $500 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 GEORGETOWN, homes and units usually stay on listing for an average of 50.1 days.

In 2016, 34 properties were sold in GEORGETOWN during the past year, making it the 560th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $607,500 N/A
GROWTH REPORT
Median Quarterly 2.1% N/A
Median 12 month -5.08% N/A
Median 3 years 14.19% N/A
Median 5 years 31.35% N/A
10 years average annual 6.47% N/A
Weekly media advert. rent $500 N/A
Time on Market 50.1 days N/A
Gross Rental Yield Percent 4.28% N/A
demographics (median values)
Total Population
1859
Weekly Household Income
806.2
Household Size
2.20
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Gold Coast

Schoolies season sparks warning to home owners

Home owners and property managers are being urged to be cautious as students celebrate their end-of-year school celebrations. ...

Home owners

Owner-occupiers drive up lending commitments

Data from the Australian Bureau of Statistics on new housing credit has shown a sharp rise in the value of home loan commitments driven by a...

Budgeting

No deposit money for property? Here are 5 options for you

Property investors seek to grow portfolios with multiple properties, but what happens when they get limited access to financing after the fi...

Simon Cohen

Expert advice: How to measure the success of a property investment portfolio

While there are a lot of different measures to evaluate the performance of a property portfolio, for some experts, the three most important ...

Melbourne

Land prices skyrocket in Melbourne

Recent analysis by the REIV has found that Melbourne land values have climbed significantly over the past five years, particularly in the ou...

Tim Reardon

Demand for detached homes stabilising

New research has suggested that demand for detached homes has stabilised, with an expert predicting slim chance of pick-up. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.