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Harrington
AREA REPORTS

Harrington

Harrington - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2427

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HARRINGTON, 2427 ranks 1652nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.98% 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 $566,000.

The upward trend in home prices in HARRINGTON, 2427 averaged 2.95% per annum over a 3-year period.

Average weekly rents on listings have reached the $480 mark, reflecting a 4.41% increase in returns based on the current median price in HARRINGTON.

An average of 10 real estate transactions take place per month in HARRINGTON which translates to 120 per annum.

120 properties were sold in HARRINGTON in 2016, making it the 1316th most active market in NSW based on total real estate transactions.

HARRINGTON, 2427 places 458th in Australia based on median property value growth during the quarter.

Data report can be found below

Harrington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $566,000 $367,500
GROWTH REPORT
Median Quarterly 4.81% 5%
Median 12 month 10.98% N/A
Median 3 years 8.85% 18.07%
Median 5 years 36.39% 21.49%
10 years average annual 5.62% 2.76%
Weekly media advert. rent $480 $345
Time on Market 88.8 days 88.2 days
Gross Rental Yield Percent 4.41% 4.88%
demographics (median values)*
Total Population
3114
Weekly Household Income
786
Household Size
2.10
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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