Harrington

POSTAL CODE: NSW, 2427

HOUSE

UNIT

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

The 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 $754,000.

The upward trend in home prices in HARRINGTON, 2427 averaged 0.45% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.45% increase in returns based on the current median price in HARRINGTON.

An average of 8.92 real estate transactions take place per month in HARRINGTON which translates to 107 per annum.

107 properties were sold in HARRINGTON in 2016, making it the 1406th most active market in NSW based on total real estate transactions.

HARRINGTON, 2427 places 1043rd in Australia based on median property value growth during the quarter.

The 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 $512,500.

Investors saw the median home price rise to $512,500.

The upward trend in home prices in HARRINGTON, 2427 averaged 1.89% per annum over a 3-year period.

HARRINGTON now ranks at the th 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 HARRINGTON are low, as opposed to average gains per annum over the past five years.

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 HARRINGTON, homes and units usually stay on listing for an average of N/A.

12 properties were sold in HARRINGTON in 2016, making it the 584th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$754,000	$512,500
Growth Report
Median Quarterly	-0.79%	0%
Median 12 month	-0.66%	0%
Median 3 years	1.34%	5.67%
Median 5 years	39.63%	50.74%
10 years average annual	6.38%	9.87%
Weekly media advert. rent	$500	$450
Time on Market	102.6 days	N/A
Gross Rental Yield Percent	3.45%	4.57%

Demographics (Median Values)*

Total Population 3114

Weekly Household Income 786

Household Size 2.10

Average Age 61

Monthly Loan Repayment 1472

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

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