Grafton

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 10% for the past year.

Investors saw the median home price rise to $550,000.

Profits due to an upward trend in home prices in the suburb averaged 5.67% per annum over a 3-year period.

GRAFTON now ranks at the 216th 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 $520 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 55.9 days.

In 2016, 229 properties were sold in GRAFTON during the past year, making it the 844th most active market in NSW based on total real estate transactions.

GRAFTON ranks 423rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

GRAFTON, 2460 has a capital gain of 7.82% for the past year, which is lower than average compared to its 50.94% growth within a five-year period.

With the median home price in GRAFTON sitting at $400,000, and the average rent at $430, property owners could potentially earn a 5.59% increase in gross rental yield.

Property investors have seen a 1.27% gain in GRAFTON based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that GRAFTON, 2460 obtained a 6.24% growth over a ten-year period. It ranks 671st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$550,000	$400,000
Growth Report
Median Quarterly	5.77%	1.27%
Median 12 month	10%	7.82%
Median 3 years	17.02%	11.11%
Median 5 years	57.71%	50.94%
10 years average annual	7.41%	6.24%
Weekly media advert. rent	$520	$430
Time on Market	55.9 days	56.3 days
Gross Rental Yield Percent	4.92%	5.59%

Demographics (Median Values)*

Total Population 29216

Weekly Household Income 948

Household Size 2.40

Average Age 45

Monthly Loan Repayment 1300

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

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