Scone

POSTAL CODE: NSW, 2337

HOUSE

UNIT

Property investors have seen a 4.42% 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 $650,000

Profits averaged 7.33% 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 $590 based on current median home prices for the suburb.

The gross rental yield in SCONE, 2337 is 4.72%.

An average of 10.75 real estate transactions take place per month in SCONE which translates to 129 per annum.

Property investments in SCONE did not fare well against the rest of the country last year, registering a median home price decrease of 4.14%.

Figures from the previous quarter show that capital gains for real estate buyers in SCONE are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SCONE, 2337 saw average growth in the long term.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SCONE, homes and units usually stay on listing for an average of 28.4 days.

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

Investors saw the median home price rise to $365,000.

SCONE ranks 6th on the list of best yielding suburbs for rental properties in NSW, posting a 6.41% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$650,000	$365,000
Growth Report
Median Quarterly	4.42%	-0.68%
Median 12 month	3.17%	4.14%
Median 3 years	22.64%	0%
Median 5 years	65.82%	62.22%
10 years average annual	7.55%	4.68%
Weekly media advert. rent	$590	$450
Time on Market	54.3 days	28.4 days
Gross Rental Yield Percent	4.72%	6.41%

Demographics (Median Values)*

Total Population 7891

Weekly Household Income 1351

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1802

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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