How long do market cycles last?
While most properties will double in a decade, most of the gains will happen in two to four years with six to eight years of stagnation in b...
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RAYMOND TERRACE, 2324 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 $387,000.
Profits due to an upward trend in home prices in the suburb averaged 4.06% per annum over a 3-year period.
RAYMOND TERRACE now ranks at the th 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 RAYMOND TERRACE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $379 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 RAYMOND TERRACE, homes and units usually stay on listing for an average of 93.0 days.
In 2016, 222 properties were sold in RAYMOND TERRACE during the past year, making it the 818th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $387,000 | $302,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 4.14% |
| Median 12 month | -4.33% | 6.9% |
| Median 3 years | 12.17% | 17.51% |
| Median 5 years | 30.63% | 32.83% |
| 10 years average annual | 3.71% | 3.77% |
| Weekly media advert. rent | $379 | $310 |
| Time on Market | 93.0 days | 84.3 days |
| Gross Rental Yield Percent | 5.09% | 5.34% |
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