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Property investors have seen a 4.76% 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 $1,100,000
Profits averaged 8.81% 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 4.02%.
An average of 3.33 real estate transactions take place per month in SUFFOLK PARK which translates to 40 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,100,000 | $757,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.76% | 2.16% |
| Median 12 month | -7.17% | -0.72% |
| Median 3 years | 26.44% | 21.12% |
| Median 5 years | 65.54% | 59.37% |
| 10 years average annual | 6.64% | 5.84% |
| Weekly media advert. rent | $850 | $675 |
| Time on Market | 93.5 days | 96.0 days |
| Gross Rental Yield Percent | 4.02% | 4.64% |
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