Melbourne Sees Record-breaking Growth Despite Q3 Lockdowns
Low financing costs, change in housing-type preferences due to flexible work arrangements, and government support for ow...
A steady increase in median property prices over a five-year period in the suburb translates to a 5.86% capital gain.
It 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 $433,500
The augmented property values in the suburb are trailing behind the territorial average of 14.76% in 2016.
Home owners selling their properties and realtors in GLENREAGH usually have to wait an average of 121.9 days days before their assets are lifted off the market.
The NSW suburb ranks 1314th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
It also places places 1259th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.43%||N/A|
|Median 3 years||5.86%||N/A|
|Median 5 years||27.5%||N/A|
|10 years average annual||5.44%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||121.9 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|