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Gwynneville
AREA REPORTS

Gwynneville

Gwynneville - SUBURB PROFILE REPORT
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 23.76% for the past year.

Investors saw the median home price rise to $935,000.

Profits due to an upward trend in home prices in the suburb averaged 3.33% per annum over a 3-year period.

GWYNNEVILLE now ranks at the 1185th 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 $595 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 29.3 days.

In 2016, 31 properties were sold in GWYNNEVILLE during the past year, making it the 679th most active market in NSW based on total real estate transactions.

Data report can be found below

Gwynneville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $935,000 $490,000
GROWTH REPORT
Median Quarterly 1.58% -9.26%
Median 12 month 23.76% -12.73%
Median 3 years 10% -2.97%
Median 5 years 30.31% 38.03%
10 years average annual 7.1% 9.01%
Weekly media advert. rent $595 $350
Time on Market 29.3 days 42.7 days
Gross Rental Yield Percent 3.31% 3.71%
demographics (median values)*
Total Population
40510
Weekly Household Income
1239
Household Size
2.30
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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