Georgetown

POSTAL CODE: NSW, 2298

HOUSE

UNIT

GEORGETOWN, 2298 delivered a weaker 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 GEORGETOWN, 2298 values up and netting property investors a capital gain of 11.15% for the past year.

Investors saw the median home price rise to $1,051,500.

Profits due to an upward trend in home prices in the suburb averaged 5.4% per annum over a 3-year period.

GEORGETOWN now ranks at the 104th 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 $710 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 41.5 days.

In 2016, 38 properties were sold in GEORGETOWN during the past year, making it the 546th most active market in NSW based on total real estate transactions.

GEORGETOWN ranks 474th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

GEORGETOWN, 2298 has a capital gain of 0% for the past year, which is lower than average compared to its 34.86% growth within a five-year period.

With the median home price in GEORGETOWN sitting at $886,000, and the average rent at $540, property owners could potentially earn a 3.17% increase in gross rental yield.

Property investors have seen a 18.53% gain in GEORGETOWN based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that GEORGETOWN, 2298 obtained a -19.23% decrease over a ten-year period. It ranks 1979th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,051,500	$886,000
Growth Report
Median Quarterly	8.4%	18.53%
Median 12 month	11.15%	0%
Median 3 years	16.19%	0%
Median 5 years	53.5%	34.86%
10 years average annual	8.53%	-19.23%
Weekly media advert. rent	$710	$540
Time on Market	41.5 days	N/A
Gross Rental Yield Percent	3.51%	3.17%

Demographics (Median Values)*

Total Population 9498

Weekly Household Income 1174

Household Size 2.30

Average Age 36

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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