Boosting Housing Supply Critical To Warding Off Further Price Growth: NAB
NAB’s Ross McEwan fronted the economics committee on Friday and called on the government to enact “decisive moves”...
SMITHS LAKE, 2428 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 $470,000.
Profits due to an upward trend in home prices in the suburb averaged 2.27% per annum over a 3-year period.
SMITHS LAKE now ranks at the 842nd 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 SMITHS LAKE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $405 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SMITHS LAKE, homes and units usually stay on listing for an average of 123.5 days.
In 2016, 61 properties were sold in SMITHS LAKE during the past year, making it the 269th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.05%||N/A|
|Median 3 years||6.82%||N/A|
|Median 5 years||34.29%||N/A|
|10 years average annual||3.84%||N/A|
|Weekly media advert. rent||$405||N/A|
|Time on Market||123.5 days||N/A|
|Gross Rental Yield Percent||4.48%||N/A|