Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
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 $424,500.
The upward trend in home prices in BATEHAVEN, 2536 averaged 8.59% per annum over a 3-year period.
Average weekly rents on listings have reached the $405 mark, reflecting a 4.96% increase in returns based on the current median price in BATEHAVEN.
An average of 3.58 real estate transactions take place per month in BATEHAVEN which translates to 43 per annum.
43 properties were sold in BATEHAVEN in 2016, making it the 451st most active market in NSW based on total real estate transactions.
BATEHAVEN, 2536 places 926th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $424,500 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.85% | -5.92% |
| Median 12 month | 6.26% | 6.53% |
| Median 3 years | 25.78% | 10.71% |
| Median 5 years | 37.49% | 58.97% |
| 10 years average annual | 2.38% | 2.87% |
| Weekly media advert. rent | $405 | $320 |
| Time on Market | 102.0 days | 93.7 days |
| Gross Rental Yield Percent | 4.96% | 5.37% |
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