REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $850,000.
The upward trend in home prices in RAINBOW FLAT, 2430 averaged 11.11% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in RAINBOW FLAT.
An average of 1.75 real estate transactions take place per month in RAINBOW FLAT which translates to 21 per annum.
21 properties were sold in RAINBOW FLAT in 2016, making it the 936th most active market in NSW based on total real estate transactions.
RAINBOW FLAT, 2430 places th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||33.33%||N/A|
|Median 5 years||54.55%||N/A|
|10 years average annual||6.67%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||72.8 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|