Urunga

POSTAL CODE: NSW, 2455

HOUSE

UNIT

Property investors enjoyed capital gains of 10.76% over the last 12 months in URUNGA, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in URUNGA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 13.27% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $585 based on current median home prices for the suburb.

On average, rents on listings have reached the $585 mark, reflecting a 3.48% increase in returns based on the current median price in URUNGA.

URUNGA, 2455 ranks 372nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 476th on the list of best yielding suburbs for rental properties in NSW, posting a 3.48% return.

Property investors have seen a 0% gain in URUNGA based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains URUNGA, 2455 saw average growth in the long term.

URUNGA, 2455 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 $590,000.

Profits due to an upward trend in home prices in URUNGA, 2455 averaged 0% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

The gross rental yield in URUNGA, 2455 is 3.44%.

An average of 1.08 real estate transactions take place per month in URUNGA which translates to 13 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$875,000	$590,000
Growth Report
Median Quarterly	1.16%	0%
Median 12 month	10.76%	0%
Median 3 years	13.27%	0%
Median 5 years	55.97%	47.87%
10 years average annual	8.26%	10.87%
Weekly media advert. rent	$585	$390
Time on Market	86.6 days	N/A
Gross Rental Yield Percent	3.48%	3.44%

Demographics (Median Values)*

Total Population 3000

Weekly Household Income 931

Household Size 2.10

Average Age 54

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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