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Property investors have seen a -0.86% 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 $1,150,000
Profits averaged 4.96% 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 $750 based on current median home prices for the suburb.
The gross rental yield in SUFFOLK PARK, 2481 is 3.39%.
An average of 5 real estate transactions take place per month in SUFFOLK PARK which translates to 60 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,150,000 | $790,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.86% | -0.63% |
| Median 12 month | 1.77% | 3.47% |
| Median 3 years | 14.89% | 12.86% |
| Median 5 years | 61.4% | 45.62% |
| 10 years average annual | 8.1% | 4.88% |
| Weekly media advert. rent | $750 | $650 |
| Time on Market | 79.6 days | 61.6 days |
| Gross Rental Yield Percent | 3.39% | 4.28% |
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