NAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
Homeowners and real estate investors betting on NEW LAMBTON HEIGHTS, 2305 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 21.52%.
A steady increase in median property prices over a five-year period in the suburb translates to a 31.23% capital gain.
Property investors in NEW LAMBTON HEIGHTS enjoyed capital gains of 21.52% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $830,000.
Profits due to an upward trend in home prices there averaged 10.41% per annum over a 3-year period.
Home owners selling their properties and realtors in NEW LAMBTON HEIGHTS usually have to wait an average of 53.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $510 mark, reflecting a 3.2% increase in returns based on the current median price in NEW LAMBTON HEIGHTS.
NEW LAMBTON HEIGHTS, 2305 places 704th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.52%||N/A|
|Median 3 years||31.23%||N/A|
|Median 5 years||34.96%||N/A|
|10 years average annual||5.91%||N/A|
|Weekly media advert. rent||$510||N/A|
|Time on Market||53.5 days||N/A|
|Gross Rental Yield Percent||3.2%||N/A|