Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
SOLDIERS POINT, 2317 ranks 2369th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.32% for property investors.
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 $1,125,000.
The upward trend in home prices in SOLDIERS POINT, 2317 averaged 19.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 2.54% increase in returns based on the current median price in SOLDIERS POINT.
An average of 2.58 real estate transactions take place per month in SOLDIERS POINT which translates to 31 per annum.
31 properties were sold in SOLDIERS POINT in 2016, making it the 695th most active market in NSW based on total real estate transactions.
SOLDIERS POINT, 2317 places 979th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.32%||30.99%|
|Median 3 years||57.34%||19.62%|
|Median 5 years||85.34%||90.96%|
|10 years average annual||9.82%||11.8%|
|Weekly media advert. rent||$550||$450|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.54%||2.95%|