Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
MYOCUM, 2481 delivered a stronger 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 MYOCUM, 2481 values up and netting property investors a capital gain of 65.14% for the past year.
Investors saw the median home price rise to $2,890,000.
MYOCUM now ranks at the 97th 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 MYOCUM are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MYOCUM, homes and units usually stay on listing for an average of 85.6 days.
In 2016, 19 properties were sold in MYOCUM during the past year, making it the 1026th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||65.14%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||220.75%||N/A|
|10 years average annual||16.35%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||85.6 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|