REDBANK PLAINS 
12 MIN READProperty Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
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NewcastleNewcastle - SUBURB PROFILE REPORT
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The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,300,000.
Profits due to an downward trend in home prices there averaged -6.58% per annum over a 3-year period.
Home owners selling their properties and realtors in NEWCASTLE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in NEWCASTLE.
NEWCASTLE, 2300 places 1340th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,300,000 | $1,286,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.78% | 2.92% |
| Median 12 month | N/A | N/A |
| Median 3 years | -19.75% | 1.7% |
| Median 5 years | -0.38% | 11.87% |
| 10 years average annual | 18.18% | 2.15% |
| Weekly media advert. rent | N/A | $685 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | N/A | 2.77% |
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