Online shopping surge breathes new life into mundane commercial property
The online shopping surge born out of the COVID-19 pandemic has breathed new life into a considerably mundane type of commercial property, a...
A 26.52% increase in median property prices in GLENREAGH, 2450 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 69th.
A steady increase in median property prices over a five-year period in the suburb translates to a 9.87% 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 $417,500
The augmented property values in the suburb are trailing above the territorial average of 6.97% in 2016.
Home owners selling their properties and realtors in GLENREAGH usually have to wait an average of 104.0 days days before their assets are lifted off the market.
The NSW suburb ranks 1332nd on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
It also places places 477th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $417,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.47% | N/A |
| Median 12 month | 26.52% | N/A |
| Median 3 years | 9.87% | N/A |
| Median 5 years | 27.29% | N/A |
| 10 years average annual | 7.48% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 104.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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