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2 MIN READNAB Tips 19% Price Growth For Property In 2021
One of Australia’s biggest banks has upped their expectations for Australia’s residential housing market, tipping 19...
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Suffolk ParkSuffolk Park - SUBURB PROFILE REPORT
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Property investors have seen a 15.54% gain in SUFFOLK PARK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SUFFOLK PARK, 2481 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 26.09%.
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 $1,450,000
Profits averaged 4.87% 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 3.05%.
An average of 7.25 real estate transactions take place per month in SUFFOLK PARK which translates to 87 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,450,000 | $899,000 |
| GROWTH REPORT | ||
| Median Quarterly | 15.54% | 5.76% |
| Median 12 month | 26.09% | 13.08% |
| Median 3 years | 14.62% | 7.92% |
| Median 5 years | 70.59% | 49.83% |
| 10 years average annual | 9.29% | 6.39% |
| Weekly media advert. rent | $850 | $690 |
| Time on Market | 57.2 days | 0.0 days |
| Gross Rental Yield Percent | 3.05% | 3.99% |
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