Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $501,000
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $565.
Home owners selling their properties and realtors in KEMBLA GRANGE usually have to wait an average of 54.4 days days before their assets are lifted off the market.
The NSW suburb ranks 72nd on the list of best yielding suburbs for rental properties in NSW, posting a 5.86% return.
It also places places 1169th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $501,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -11.33% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | -14.07% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -32.08% | N/A |
| Weekly media advert. rent | $565 | N/A |
| Time on Market | 54.4 days | N/A |
| Gross Rental Yield Percent | 5.86% | N/A |
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