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Shortland
AREA REPORTS

Shortland

Shortland - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2307

house
unit

Property investors enjoyed capital gains of 10.09% over the last 12 months in SHORTLAND, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in SHORTLAND are low, as opposed to average gains per annum over the past five years.

The suburb posted a 12.87% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

On average, rents on listings have reached the $390 mark, reflecting a 4.13% increase in returns based on the current median price in SHORTLAND.

SHORTLAND, 2307 ranks 654th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 297th on the list of best yielding suburbs for rental properties in NSW, posting a 4.13% return.

Data report can be found below

Shortland
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $491,000 $435,000
GROWTH REPORT
Median Quarterly 2.29% -0.57%
Median 12 month 10.09% -1.14%
Median 3 years 12.87% 1.4%
Median 5 years 34.34% 5.58%
10 years average annual 4.78% 1.53%
Weekly media advert. rent $390 $445
Time on Market 42.4 days 71.5 days
Gross Rental Yield Percent 4.13% 5.32%
demographics (median values)*
Total Population
3905
Weekly Household Income
1038
Household Size
2.40
Age
33
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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