Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
ABERDARE, 2325 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 $362,500.
Profits due to an upward trend in home prices in the suburb averaged 10.57% per annum over a 3-year period.
ABERDARE now ranks at the 1094th 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 ABERDARE 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 $340 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 ABERDARE, homes and units usually stay on listing for an average of 90.0 days.
In 2016, 34 properties were sold in ABERDARE during the past year, making it the 579th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $362,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5.84% | N/A |
| Median 12 month | 0.69% | N/A |
| Median 3 years | 31.7% | N/A |
| Median 5 years | 45% | N/A |
| 10 years average annual | 4.87% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 90.0 days | N/A |
| Gross Rental Yield Percent | 4.88% | N/A |
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