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Clarence Town
AREA REPORTS

Clarence Town

Clarence Town - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2321

house

A steady increase in median property prices over a five-year period in the suburb translates to a 23.23% capital gain.

It 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 $610,000

The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $390.

Home owners selling their properties and realtors in CLARENCE TOWN usually have to wait an average of 50.9 days days before their assets are lifted off the market.

The NSW suburb ranks 536th on the list of best yielding suburbs for rental properties in NSW, posting a 3.32% return.

It also places places 590th in Australia based on median property value growth during the quarter.

Data report can be found below

Clarence Town
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 N/A
GROWTH REPORT
Median Quarterly 6.09% N/A
Median 12 month 18.45% N/A
Median 3 years 23.23% N/A
Median 5 years 28.96% N/A
10 years average annual 5.83% N/A
Weekly media advert. rent $390 N/A
Time on Market 50.9 days N/A
Gross Rental Yield Percent 3.32% N/A
demographics (median values)*
Total Population
14625
Weekly Household Income
1633
Household Size
2.80
Age
36
Monthly Loan Repayment
1950
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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