Victoria emerges as Australia’s happiest state – real estate report
The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...
SUSSEX INLET, 2540 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 $513,000.
Profits due to an upward trend in home prices in the suburb averaged 7.38% per annum over a 3-year period.
SUSSEX INLET now ranks at the 197th 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 SUSSEX INLET 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 $428 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 SUSSEX INLET, homes and units usually stay on listing for an average of 157.1 days.
In 2016, 78 properties were sold in SUSSEX INLET during the past year, making it the 115th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $513,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.23% | N/A |
| Median 12 month | 2.6% | N/A |
| Median 3 years | 22.14% | N/A |
| Median 5 years | 50.88% | N/A |
| 10 years average annual | 5.98% | N/A |
| Weekly media advert. rent | $428 | N/A |
| Time on Market | 157.1 days | N/A |
| Gross Rental Yield Percent | 4.34% | N/A |
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