Primbee

POSTAL CODE: NSW, 2502

HOUSE

Property investments in PRIMBEE did not fare well against the rest of the country last year, registering a median home price decrease of 5.69%.

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

Based on its average 5-year and quarterly capital gains PRIMBEE, 2502 saw average growth in the long term.

Real estate investors could earn a rental income of $722.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 58 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,141,500.

PRIMBEE ranks 542nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.29% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,141,500	N/A
Growth Report
Median Quarterly	1.92%	N/A
Median 12 month	5.69%	N/A
Median 3 years	46.35%	N/A
Median 5 years	42.51%	N/A
10 years average annual	7.17%	N/A
Weekly media advert. rent	$723	N/A
Time on Market	58 days	N/A
Gross Rental Yield Percent	3.29%	N/A

Demographics (Median Values)*

Total Population 12438

Weekly Household Income 918

Household Size 2.60

Average Age 40

Monthly Loan Repayment 1602

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

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