Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
MUNGINDI, 2406 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling MUNGINDI, 2406 values up and netting property investors a capital gain of 42.28% for the past year.
Investors saw the median home price rise to $106,000.
MUNGINDI now ranks at the 155th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MUNGINDI, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 21 properties were sold in MUNGINDI during the past year, making it the 950th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||42.28%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||11.77%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|