‘Stable’ population growth to bolster building activity
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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 $497,500.
Profits due to an upward trend in home prices in the suburb averaged 11.49% per annum over a 3-year period.
SUSSEX INLET now ranks at the 962nd 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 $330 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 103.7 days.
In 2016, 119 properties were sold in SUSSEX INLET during the past year, making it the 1378th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $497,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.4% | N/A |
| Median 12 month | -2.26% | N/A |
| Median 3 years | 34.46% | N/A |
| Median 5 years | 46.32% | N/A |
| 10 years average annual | 5.38% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 103.7 days | N/A |
| Gross Rental Yield Percent | 3.45% | N/A |
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