AREA REPORTS

Glen Innes

NSW/
Glen innes

Suburb Profile

Glen Innes - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2370

house

GLEN INNES, 2370 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 $205,000.

Profits due to an upward trend in home prices in the suburb averaged 4.21% per annum over a 3-year period.

GLEN INNES now ranks at the 1141st place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $250 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GLEN INNES, homes and units usually stay on listing for an average of 101.8 days.

In 2016, 146 properties were sold in GLEN INNES during the past year, making it the 1131st most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $205,000 N/A
GROWTH REPORT
Median Quarterly -4.65% N/A
Median 12 month -4.65% N/A
Median 3 years 12.64% N/A
Median 5 years 10.81% N/A
10 years average annual 2.73% N/A
Weekly media advert. rent $250 N/A
Time on Market 101.8 days N/A
Gross Rental Yield Percent 6.34% N/A
demographics (median values)
Total Population
6282
Weekly Household Income
615.1
Household Size
2.30
demographics
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