Gillieston Heights

POSTAL CODE: NSW, 2321

HOUSE

Property investors enjoyed capital gains of 12.5% over the last 12 months in GILLIESTON HEIGHTS, translating to lower returns compared with its peers in NSW.

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

The suburb posted a 10.92% 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 $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 4.29% increase in returns based on the current median price in GILLIESTON HEIGHTS.

GILLIESTON HEIGHTS, 2321 ranks 260th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 162nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.29% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$787,500	N/A
Growth Report
Median Quarterly	5%	N/A
Median 12 month	12.5%	N/A
Median 3 years	10.92%	N/A
Median 5 years	60.88%	N/A
10 years average annual	7.04%	N/A
Weekly media advert. rent	$650	N/A
Time on Market	44.4 days	N/A
Gross Rental Yield Percent	4.29%	N/A

Demographics (Median Values)*

Total Population 14625

Weekly Household Income 1633

Household Size 2.80

Average 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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