Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
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 $599,000.
The upward trend in home prices in FORSTER, 2428 averaged 1.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 3.99% increase in returns based on the current median price in FORSTER.
An average of 25.75 real estate transactions take place per month in FORSTER which translates to 309 per annum.
309 properties were sold in FORSTER in 2016, making it the 680th most active market in NSW based on total real estate transactions.
FORSTER, 2428 places 729th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.71%||3.53%|
|Median 3 years||5.18%||19.24%|
|Median 5 years||28.47%||41.94%|
|10 years average annual||5.22%||4.67%|
|Weekly media advert. rent||$460||$330|
|Time on Market||83.4 days||80.2 days|
|Gross Rental Yield Percent||3.99%||3.9%|