Casino

POSTAL CODE: NSW, 2470

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains CASINO, 2470 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that CASINO, 2470 obtained a 8.44% growth over a ten-year period. It ranks 905th on our list of suburbs that property investors should look into.

CASINO, 2470 in NSW belongs to the local government area of Richmond Valley.

CASINO, 2470 has a capital gain of 4.3% for the past year, which is lower than average compared to its 55.7% growth within a five-year period.

With the median home price in CASINO sitting at $485,000, and the average rent at $510, property owners could potentially earn a 5.47% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in CASINO, 2470 translates to a 33.9% capital gain.

Property investors enjoyed capital gains of 1.28% over the last 12 months in CASINO, translating to lower returns compared with its peers in NSW.

CASINO, 2470 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 $395,000.

Profits due to an upward trend in home prices in CASINO, 2470 averaged 11.3% per annum over a 3-year period.

Home owners selling their properties and realtors in CASINO usually have to wait an average of 100.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $370 mark, reflecting a 4.87% increase in returns based on the current median price in CASINO.

CASINO, 2470 places 472nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$485,000	$395,000
Growth Report
Median Quarterly	0.41%	-1.86%
Median 12 month	4.3%	1.28%
Median 3 years	6.59%	33.9%
Median 5 years	55.7%	56.44%
10 years average annual	8.44%	9.44%
Weekly media advert. rent	$510	$370
Time on Market	85 days	100.2 days
Gross Rental Yield Percent	5.47%	4.87%

Demographics (Median Values)*

Total Population 15225

Weekly Household Income 960

Household Size 2.40

Average Age 43

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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