Suffolk Park

POSTAL CODE: NSW, 2481

HOUSE

UNIT

Property investors have seen a -0.56% drop in SUFFOLK PARK based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains SUFFOLK PARK, 2481 saw average growth in the long term.

The NSW 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 $1,780,000

Profits averaged -5.33% per annum over a 3-year period, due to an downward trend in home prices in SUFFOLK PARK, 2481.

This means, real estate investors could earn a rental income of $1200 based on current median home prices for the suburb.

The gross rental yield in SUFFOLK PARK, 2481 is 3.51%.

An average of 5.08 real estate transactions take place per month in SUFFOLK PARK which translates to 61 per annum.

Property investments in SUFFOLK PARK did not fare well against the rest of the country last year, registering a median home price decrease of -1.9%.

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

Based on its average 5-year and quarterly capital gains SUFFOLK PARK, 2481 saw average growth in the long term.

This means, real estate investors could earn a rental income of $900 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 SUFFOLK PARK, homes and units usually stay on listing for an average of 77 days.

the NSW 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 $1,160,000

Investors saw the median home price rise to $1,160,000.

SUFFOLK PARK ranks 349th on the list of best yielding suburbs for rental properties in NSW, posting a 4.03% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,780,000	$1,160,000
Growth Report
Median Quarterly	-0.56%	-4.33%
Median 12 month	-8.72%	-1.9%
Median 3 years	-16.49%	-14.71%
Median 5 years	42.4%	38.92%
10 years average annual	9.51%	8.42%
Weekly media advert. rent	$1,200	$900
Time on Market	102.3 days	77 days
Gross Rental Yield Percent	3.51%	4.03%

Demographics (Median Values)*

Total Population 11769

Weekly Household Income 1319

Household Size 2.40

Average Age 43

Monthly Loan Repayment 2000

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

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