Cumbalum

POSTAL CODE: NSW, 2478

HOUSE

UNIT

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

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,187,500.

The downward trend in home prices in CUMBALUM, 2478 averaged -0.75% per annum over a 3-year period.

Average weekly rents on listings have reached the $847.5 mark, reflecting a 3.71% increase in returns based on the current median price in CUMBALUM.

An average of 4.58 real estate transactions take place per month in CUMBALUM which translates to 55 per annum.

55 properties were sold in CUMBALUM in 2016, making it the 326th most active market in NSW based on total real estate transactions.

CUMBALUM, 2478 places th in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $895,000.

Average median unit prices in NSW have risen as a whole, pulling CUMBALUM, 2478 values up and netting property investors a capital gain of 5.29% for the past year.

Investors saw the median home price rise to $895,000.

The upward trend in home prices in CUMBALUM, 2478 averaged 0% per annum over a 3-year period.

CUMBALUM now ranks at the th 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 CUMBALUM are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CUMBALUM, homes and units usually stay on listing for an average of N/A.

18 properties were sold in CUMBALUM in 2016, making it the 423rd most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,187,500	$895,000
Growth Report
Median Quarterly	0%	0%
Median 12 month	4.86%	5.29%
Median 3 years	-2.26%	0%
Median 5 years	58.33%	45.53%
10 years average annual	8.29%	14.58%
Weekly media advert. rent	$848	N/A
Time on Market	71.6 days	N/A
Gross Rental Yield Percent	3.71%	0%

Demographics (Median Values)*

Total Population 28310

Weekly Household Income 1140

Household Size 2.30

Average Age 48

Monthly Loan Repayment 1733

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

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