Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors have seen a 2.16% gain in SCONE based on an increase 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 $378,000
Profits averaged 3.19% 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 $330 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.54%.
An average of 13.33 real estate transactions take place per month in SCONE which translates to 160 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $378,000 | $217,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.16% | N/A |
| Median 12 month | 5% | N/A |
| Median 3 years | 9.57% | N/A |
| Median 5 years | 8% | N/A |
| 10 years average annual | 4.15% | -1.32% |
| Weekly media advert. rent | $330 | $270 |
| Time on Market | 113.8 days | 0.0 days |
| Gross Rental Yield Percent | 4.54% | 6.47% |
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