Gwynneville

POSTAL CODE: NSW, 2500

HOUSE

UNIT

GWYNNEVILLE, 2500 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 GWYNNEVILLE, 2500 values up and netting property investors a capital gain of 21.14% for the past year.

Investors saw the median home price rise to $1,332,500.

Profits due to an upward trend in home prices in the suburb averaged 4.6% per annum over a 3-year period.

GWYNNEVILLE now ranks at the 901st 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 GWYNNEVILLE 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 $650 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 GWYNNEVILLE, homes and units usually stay on listing for an average of 62.7 days.

In 2016, 32 properties were sold in GWYNNEVILLE during the past year, making it the 645th most active market in NSW based on total real estate transactions.

GWYNNEVILLE ranks 617th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

GWYNNEVILLE, 2500 has a capital gain of 23.63% for the past year, which is higher than average compared to its 5.08% growth within a five-year period.

GWYNNEVILLE, 2500 ranks 205th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 23.63% for property investors last year.

With the median home price in GWYNNEVILLE sitting at $630,500, and the average rent at $475, property owners could potentially earn a 3.92% increase in gross rental yield.

Property investors have seen a 0.48% gain in GWYNNEVILLE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on GWYNNEVILLE, 2500 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 23.63%.

A survey of average capital gains or median home price increase in suburbs across the country shows that GWYNNEVILLE, 2500 obtained a 2.34% growth over a ten-year period. It ranks 1387th 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	$1,332,500	$630,500
Growth Report
Median Quarterly	0.57%	0.48%
Median 12 month	21.14%	23.63%
Median 3 years	13.79%	-17.85%
Median 5 years	58.63%	5.08%
10 years average annual	8.82%	2.34%
Weekly media advert. rent	$650	$475
Time on Market	62.7 days	49.4 days
Gross Rental Yield Percent	2.54%	3.92%

Demographics (Median Values)*

Total Population 40510

Weekly Household Income 1239

Household Size 2.30

Average Age 33

Monthly Loan Repayment 1900

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

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