REDBANK PLAINS 
1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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SconeScone - SUBURB PROFILE REPORT
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Property investors have seen a -0.61% 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 $410,000
Profits averaged 3.6% 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 $390 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.95%.
An average of 17.92 real estate transactions take place per month in SCONE which translates to 215 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | $243,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.61% | -4.71% |
| Median 12 month | 2.5% | 8.72% |
| Median 3 years | 10.81% | N/A |
| Median 5 years | 28.13% | 56.27% |
| 10 years average annual | 2.72% | -5.49% |
| Weekly media advert. rent | $390 | $280 |
| Time on Market | 68.2 days | 69.0 days |
| Gross Rental Yield Percent | 4.95% | 5.99% |
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