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 12.94% 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 5.83% per annum over a 3-year period.

GEORGETOWN now ranks at the 255th 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 $750 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 43.2 days.

In 2016, 40 properties were sold in GEORGETOWN during the past year, making it the 521st most active market in NSW based on total real estate transactions.

GEORGETOWN ranks 486th 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 27.03% for the past year, which is higher than average compared to its 0% growth within a five-year period.

GEORGETOWN, 2298 ranks 144th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 27.03% for property investors last year.

With the median home price in GEORGETOWN sitting at $782,500, and the average rent at $535, property owners could potentially earn a 3.56% increase in gross rental yield.

Property investors have seen a 2.29% gain in GEORGETOWN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on GEORGETOWN, 2298 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 27.03%.

A survey of average capital gains or median home price increase in suburbs across the country shows that GEORGETOWN, 2298 obtained a -8.2% decrease over a ten-year period. It ranks 1946th 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	$782,500
Growth Report
Median Quarterly	4.78%	2.29%
Median 12 month	12.94%	27.03%
Median 3 years	17.49%	0%
Median 5 years	52.95%	0%
10 years average annual	8.48%	-8.2%
Weekly media advert. rent	$750	$535
Time on Market	43.2 days	N/A
Gross Rental Yield Percent	3.71%	3.56%

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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