Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
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 $290,000.
The upward trend in home prices in WEST KEMPSEY, 2440 averaged 8.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 6.1% increase in returns based on the current median price in WEST KEMPSEY.
An average of 7.5 real estate transactions take place per month in WEST KEMPSEY which translates to 90 per annum.
90 properties were sold in WEST KEMPSEY in 2016, making it the 47th most active market in NSW based on total real estate transactions.
WEST KEMPSEY, 2440 places 463rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $290,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.75% | N/A |
| Median 12 month | 5.45% | N/A |
| Median 3 years | 26.64% | N/A |
| Median 5 years | 34.88% | N/A |
| 10 years average annual | 5.05% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 103.5 days | N/A |
| Gross Rental Yield Percent | 6.1% | N/A |
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