Casuarina

POSTAL CODE: NSW, 2487

HOUSE

UNIT

CASUARINA, 2487 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CASUARINA, 2487 values up and netting property investors a capital gain of 7.4% for the past year.

Investors saw the median home price rise to $2,250,000.

Profits due to an upward trend in home prices in the suburb averaged 2.38% per annum over a 3-year period.

CASUARINA now ranks at the th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $1380 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CASUARINA, homes and units usually stay on listing for an average of 127.9 days.

In 2016, 43 properties were sold in CASUARINA during the past year, making it the 477th most active market in NSW based on total real estate transactions.

CASUARINA ranks 295th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

CASUARINA, 2487 has a capital gain of 3.79% for the past year, which is lower than average compared to its 87.5% growth within a five-year period.

With the median home price in CASUARINA sitting at $1,162,500, and the average rent at $825, property owners could potentially earn a 3.69% increase in gross rental yield.

Property investors have seen a 1.53% gain in CASUARINA based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that CASUARINA, 2487 obtained a 12.59% growth over a ten-year period. It ranks 1568th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,250,000	$1,162,500
Growth Report
Median Quarterly	0%	1.53%
Median 12 month	7.4%	3.79%
Median 3 years	7.14%	17.72%
Median 5 years	77.87%	87.5%
10 years average annual	10.84%	12.59%
Weekly media advert. rent	$1,380	$825
Time on Market	127.9 days	110.5 days
Gross Rental Yield Percent	3.19%	3.69%

Demographics (Median Values)*

Total Population 13436

Weekly Household Income 1224

Household Size 2.40

Average Age 45

Monthly Loan Repayment 2100

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

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