AREA REPORTS

Austinmer

 

 

NSW/
Austinmer

Suburb Profile

Austinmer - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2515

house
unit

AUSTINMER, 2515 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 AUSTINMER, 2515 values up and netting property investors a capital gain of 6.72% for the past year.

Investors saw the median home price rise to $1,270,000.

Profits due to an upward trend in home prices in the suburb averaged 5.15% per annum over a 3-year period.

AUSTINMER now ranks at the 257th 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 AUSTINMER 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 $700 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 AUSTINMER, homes and units usually stay on listing for an average of 71.6 days.

In 2016, 49 properties were sold in AUSTINMER during the past year, making it the 407th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,270,000 $750,000
GROWTH REPORT
Median Quarterly 2.63% 1.35%
Median 12 month 6.72% 10.29%
Median 3 years 15.45% 16.23%
Median 5 years 60.76% N/A
10 years average annual 7.11% 5.78%
Weekly media advert. rent $700 $600
Time on Market 71.6 days 0.0 days
Gross Rental Yield Percent 2.87% 4.16%
demographics (median values)
Total Population
2211
Weekly Household Income
1535
Household Size
2.80
demographics
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