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Property investors have seen a 4.38% gain in SUFFOLK PARK based on an increase 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 $1,252,500
Profits averaged 5.5% per annum over a 3-year period, due to an upward trend in home prices in SUFFOLK PARK, 2481.
This means, real estate investors could earn a rental income of $850 based on current median home prices for the suburb.
The gross rental yield in SUFFOLK PARK, 2481 is 3.53%.
An average of 7.17 real estate transactions take place per month in SUFFOLK PARK which translates to 86 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,252,500 | $815,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.38% | 1.24% |
| Median 12 month | 7.05% | 3.82% |
| Median 3 years | 16.51% | 8.67% |
| Median 5 years | 60.83% | 45.54% |
| 10 years average annual | 7.33% | 5.42% |
| Weekly media advert. rent | $850 | $700 |
| Time on Market | 67.3 days | 64.3 days |
| Gross Rental Yield Percent | 3.53% | 4.47% |
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