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Grafton
AREA REPORTS

Grafton

Grafton - 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 13.86% for the past year.

Investors saw the median home price rise to $365,500.

Profits due to an upward trend in home prices in the suburb averaged 5.72% per annum over a 3-year period.

GRAFTON now ranks at the 785th 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 $360 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 64.5 days.

In 2016, 227 properties were sold in GRAFTON during the past year, making it the 1180th most active market in NSW based on total real estate transactions.

Data report can be found below

Grafton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $365,500 $265,500
GROWTH REPORT
Median Quarterly 3.69% 0.19%
Median 12 month 13.86% 2.12%
Median 3 years 17.15% 6.2%
Median 5 years 31.95% 17.35%
10 years average annual 3.03% 2.01%
Weekly media advert. rent $360 $300
Time on Market 64.5 days 88.6 days
Gross Rental Yield Percent 5.12% 5.88%
demographics (median values)*
Total Population
29216
Weekly Household Income
948
Household Size
2.40
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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