REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $485,000.
The upward trend in home prices in MALLABULA, 2319 averaged 4.82% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in MALLABULA.
An average of 1.42 real estate transactions take place per month in MALLABULA which translates to 17 per annum.
17 properties were sold in MALLABULA in 2016, making it the 1090th most active market in NSW based on total real estate transactions.
MALLABULA, 2319 places 618th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.9%||N/A|
|Median 3 years||14.45%||N/A|
|Median 5 years||35.66%||N/A|
|10 years average annual||6.51%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||45.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|