Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
HARRINGTON, 2427 ranks 838th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.63% for property investors.
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 $535,000.
The upward trend in home prices in HARRINGTON, 2427 averaged 4.49% per annum over a 3-year period.
Average weekly rents on listings have reached the $455 mark, reflecting a 4.42% increase in returns based on the current median price in HARRINGTON.
An average of 7.08 real estate transactions take place per month in HARRINGTON which translates to 85 per annum.
85 properties were sold in HARRINGTON in 2016, making it the 84th most active market in NSW based on total real estate transactions.
HARRINGTON, 2427 places 539th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $535,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.88% | N/A |
| Median 12 month | 12.63% | N/A |
| Median 3 years | 13.47% | N/A |
| Median 5 years | 28.92% | N/A |
| 10 years average annual | 4.93% | N/A |
| Weekly media advert. rent | $455 | N/A |
| Time on Market | 98.7 days | N/A |
| Gross Rental Yield Percent | 4.42% | N/A |
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
The rental market finished the year strong, with December clocking the largest monthly increase in rental rates since 2010, as the regions c...
All 130-plus rental standard reforms from the Victorian government are now available for viewing, in a bid to make renting “fairer” for ...
The ACT government has recently launched a tool that it said will help the territory’s renters to assess their home’s energy efficiency ...
With the number of COVID-19-impacted tenants now dropping, Australia’s professional real estate body is leading a call to the national cab...
Aussies looking to sell their property are being offered up to $60,000 in specialised finance to renovate or upgrade their property and cove...
Get notifications in real-time for staying up to date with content that matters to you.
