AREA REPORTS

Grafton

 

 

NSW/
Grafton

Suburb Profile

Grafton - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2460

house
unit

GRAFTON, 2460 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling GRAFTON, 2460 values up and netting property investors a capital gain of 7.34% for the past year.

Investors saw the median home price rise to $329,000.

Profits due to an upward trend in home prices in the suburb averaged 6.55% per annum over a 3-year period.

GRAFTON now ranks at the 501st place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $352.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRAFTON, homes and units usually stay on listing for an average of 86.7 days.

In 2016, 265 properties were sold in GRAFTON during the past year, making it the 757th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $329,000 $247,000
GROWTH REPORT
Median Quarterly -0.08% 0%
Median 12 month 7.34% -4.63%
Median 3 years 19.64% 11.01%
Median 5 years 30.82% 21.38%
10 years average annual 2.96% 2.6%
Weekly media advert. rent $352.5 $280
Time on Market 86.7 days 85.9 days
Gross Rental Yield Percent 5.57% 5.89%
demographics (median values)
Total Population
9955
Weekly Household Income
673.3
Household Size
2.30
demographics
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