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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.

Average median house prices in NSW have risen as a whole, pulling GEORGETOWN, 2298 values up and netting property investors a capital gain of 6.94% for the past year.

Investors saw the median home price rise to $647,000.

Profits due to an upward trend in home prices in the suburb averaged 2.61% per annum over a 3-year period.

GEORGETOWN now ranks at the 585th 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 $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 GEORGETOWN, homes and units usually stay on listing for an average of 35.9 days.

In 2016, 30 properties were sold in GEORGETOWN during the past year, making it the 673rd 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 $647,000 N/A
GROWTH REPORT
Median Quarterly 1.97% N/A
Median 12 month 6.94% N/A
Median 3 years 7.83% N/A
Median 5 years 34.79% N/A
10 years average annual 5.83% N/A
Weekly media advert. rent $460 N/A
Time on Market 35.9 days N/A
Gross Rental Yield Percent 3.7% N/A
demographics (median values)
Total Population
1859
Weekly Household Income
806.2
Household Size
2.20
demographics
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