Victorian land sales strong despite restrictions
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KEW, 2439 ranks 525th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.33% 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 $595,000.
The upward trend in home prices in KEW, 2439 averaged 5.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $392.5 mark, reflecting a 3.43% increase in returns based on the current median price in KEW.
An average of 1.42 real estate transactions take place per month in KEW which translates to 17 per annum.
17 properties were sold in KEW in 2016, making it the 983rd most active market in NSW based on total real estate transactions.
KEW, 2439 places 33rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 13.33% | N/A |
| Median 12 month | 13.33% | N/A |
| Median 3 years | 17.24% | N/A |
| Median 5 years | 13.88% | N/A |
| 10 years average annual | 5.44% | N/A |
| Weekly media advert. rent | $392.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.43% | N/A |
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