91% Of Aussie Sellers Are Now Selling Property For A Profit
The average Aussie property seller is now pocketing $265,000 from the sale of a property. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $360,000.
The downward trend in home prices in GRETA, 2334 averaged -2.16% per annum over a 3-year period.
Average weekly rents on listings have reached the $405 mark, reflecting a 5.85% increase in returns based on the current median price in GRETA.
An average of 9.83 real estate transactions take place per month in GRETA which translates to 118 per annum.
118 properties were sold in GRETA in 2016, making it the 1406th most active market in NSW based on total real estate transactions.
GRETA, 2334 places 90th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20%||N/A|
|Median 3 years||-6.49%||N/A|
|Median 5 years||6.82%||N/A|
|10 years average annual||3.51%||N/A|
|Weekly media advert. rent||$405||N/A|
|Time on Market||67.9 days||N/A|
|Gross Rental Yield Percent||5.85%||N/A|