Financial complaints soar as new body opens doors
The new body that fields financial complaints has fielded over 13,000 enquiries in its first month, including those relating to investment p...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $660,000.
The upward trend in home prices in CUMBALUM, 2478 averaged 3.33% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 4.73% increase in returns based on the current median price in CUMBALUM.
An average of 2.83 real estate transactions take place per month in CUMBALUM which translates to 34 per annum.
34 properties were sold in CUMBALUM in 2016, making it the 603rd most active market in NSW based on total real estate transactions.
CUMBALUM, 2478 places 275th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.13% | N/A |
| Median 12 month | 1.93% | N/A |
| Median 3 years | 10% | N/A |
| Median 5 years | 23.94% | N/A |
| 10 years average annual | 2.04% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 68.2 days | N/A |
| Gross Rental Yield Percent | 4.73% | N/A |
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