Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
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 $560,000.
The upward trend in home prices in RAINBOW FLAT, 2430 averaged 1.56% 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 1.83 real estate transactions take place per month in RAINBOW FLAT which translates to 22 per annum.
22 properties were sold in RAINBOW FLAT in 2016, making it the 866th most active market in NSW based on total real estate transactions.
RAINBOW FLAT, 2430 places 1051st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $560,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.27% | N/A |
| Median 12 month | -16.42% | N/A |
| Median 3 years | 4.67% | N/A |
| Median 5 years | 27.27% | N/A |
| 10 years average annual | 4.85% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 91.1 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
One of Australia's major banks is being sued for breaches of the law in relation to its loan referral program. ...
Yet another lender has reduced variable and fixed rates across its owner-occupied and investment home loan products. ...
One national network of tax advisers is warning that property investors have been caught out by random audits for avoidable mistakes in thei...
Key Westpac subsidiaries have dropped their fixed rates by up to 140 basis points. ...
The corporate regulator has banned a director from providing financial services or engaging in credit activities for eight years, after find...
Get notifications in real-time for staying up to date with content that matters to you.