‘Nearology’ Factor Pushing Double-digit Growth In These WA Suburbs
Robust activity in Western Australia’s popular suburbs has caused property prices to skyrocket, yet buyers are still w...
BRANDY HILL, 2324 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling BRANDY HILL, 2324 values up and netting property investors a capital gain of 40.35% for the past year.
Investors saw the median home price rise to $1,200,000.
Profits due to an upward trend in home prices in the suburb averaged 18.61% per annum over a 3-year period.
BRANDY HILL now ranks at the 115th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BRANDY HILL are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $ based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BRANDY HILL, homes and units usually stay on listing for an average of 67.0 days.
In 2016, 15 properties were sold in BRANDY HILL during the past year, making it the 1185th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||40.35%||N/A|
|Median 3 years||55.84%||N/A|
|Median 5 years||0%||N/A|
|10 years average annual||13.36%||N/A|
|Weekly media advert. rent||$||N/A|
|Time on Market||67.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|