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Property investors have seen a -5.19% drop in SCONE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SCONE, 2337 saw average growth in the long term.
The NSW 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 $365,000
Profits averaged 5.17% per annum over a 3-year period, due to an upward trend in home prices in SCONE, 2337.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.99%.
An average of 9.42 real estate transactions take place per month in SCONE which translates to 113 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $365,000 | $237,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.19% | -0.21% |
| Median 12 month | -0.82% | N/A |
| Median 3 years | 15.51% | N/A |
| Median 5 years | 1.39% | -1.25% |
| 10 years average annual | 3.28% | N/A |
| Weekly media advert. rent | $350 | $280 |
| Time on Market | 109.9 days | 0.0 days |
| Gross Rental Yield Percent | 4.99% | 6.14% |
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