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...
MORUYA, 2537 ranks 101st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 32.46% for property investors.
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 $555,000.
The upward trend in home prices in MORUYA, 2537 averaged 9.94% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.84% increase in returns based on the current median price in MORUYA.
An average of 7.5 real estate transactions take place per month in MORUYA which translates to 90 per annum.
90 properties were sold in MORUYA in 2016, making it the 909th most active market in NSW based on total real estate transactions.
MORUYA, 2537 places 226th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.46%||N/A|
|Median 3 years||29.82%||N/A|
|Median 5 years||60.87%||N/A|
|10 years average annual||6.24%||N/A|
|Weekly media advert. rent||$410||N/A|
|Time on Market||94.8 days||N/A|
|Gross Rental Yield Percent||3.84%||N/A|