‘Nonsensical’: Economist Shuts Down 10% Price Drop Talk
A big four bank’s suggestion that Australia would see a 10 per cent dip in property prices over 2023 has been promptly...
Homeowners and real estate investors betting on WOOMBAH, 2469 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 34.76%.
A steady increase in median property prices over a five-year period in the suburb translates to a 42.21% capital gain.
Property investors in WOOMBAH enjoyed capital gains of 34.76% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb 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 $630,000.
Profits due to an upward trend in home prices there averaged 14.07% per annum over a 3-year period.
Home owners selling their properties and realtors in WOOMBAH usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $440 mark, reflecting a 3.63% increase in returns based on the current median price in WOOMBAH.
WOOMBAH, 2469 places 1st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.76%||N/A|
|Median 3 years||42.21%||N/A|
|Median 5 years||66.89%||N/A|
|10 years average annual||7.9%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.63%||N/A|