Why buying under market value is not always a good idea
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $732,500.
The upward trend in home prices in SOLDIERS POINT, 2317 averaged 4.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $490 mark, reflecting a 3.48% increase in returns based on the current median price in SOLDIERS POINT.
An average of 3.08 real estate transactions take place per month in SOLDIERS POINT which translates to 37 per annum.
37 properties were sold in SOLDIERS POINT in 2016, making it the 563rd most active market in NSW based on total real estate transactions.
SOLDIERS POINT, 2317 places 923rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $732,500 | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.34% | 12.5% |
| Median 12 month | 3.17% | -9.65% |
| Median 3 years | 12.69% | 12.5% |
| Median 5 years | 4.64% | 24.47% |
| 10 years average annual | 4.04% | 3.82% |
| Weekly media advert. rent | $490 | $485 |
| Time on Market | 88.5 days | 130.9 days |
| Gross Rental Yield Percent | 3.48% | 4.31% |
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