Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investors have seen a -3.13% 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 $387,500
Profits averaged 2.55% 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 $360 based on current median home prices for the suburb.
The gross rental yield in SCONE, 2337 is 4.83%.
An average of 15.17 real estate transactions take place per month in SCONE which translates to 182 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.33%||-18.03%|
|Median 3 years||7.64%||N/A|
|Median 5 years||14.81%||N/A|
|10 years average annual||2.21%||-1.68%|
|Weekly media advert. rent||$360||$270|
|Time on Market||89.5 days||0.0 days|
|Gross Rental Yield Percent||4.83%||6.24%|