Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
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 43.33% for the past year.
Investors saw the median home price rise to $1,720,000.
Profits due to an upward trend in home prices in the suburb averaged 14.64% per annum over a 3-year period.
AUSTINMER now ranks at the 355th 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 $725 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 51.1 days.
In 2016, 29 properties were sold in AUSTINMER during the past year, making it the 714th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||43.33%||N/A|
|Median 3 years||43.93%||39.31%|
|Median 5 years||51.54%||44.08%|
|10 years average annual||10.05%||8.02%|
|Weekly media advert. rent||$725||$580|
|Time on Market||51.1 days||19.5 days|
|Gross Rental Yield Percent||2.19%||2.99%|