Property News You Need To Know: The Week Ending 19 September
Smart Property Investment is pleased to present a weekly round-up of the biggest stories across property, investment, re...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $661,000.
The upward trend in home prices in UNANDERRA, 2526 averaged 3.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.54% increase in returns based on the current median price in UNANDERRA.
An average of 6.67 real estate transactions take place per month in UNANDERRA which translates to 80 per annum.
80 properties were sold in UNANDERRA in 2016, making it the 131st most active market in NSW based on total real estate transactions.
UNANDERRA, 2526 places 487th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.75%||-1.49%|
|Median 3 years||9.26%||N/A|
|Median 5 years||42.15%||N/A|
|10 years average annual||7.84%||-1.49%|
|Weekly media advert. rent||$450||$400|
|Time on Market||27.9 days||0.0 days|
|Gross Rental Yield Percent||3.54%||4.2%|