AREA REPORTS

Worrigee

 

 

NSW/
Worrigee

Suburb Profile

Worrigee - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2540

house
unit

WORRIGEE, 2540 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling WORRIGEE, 2540 values up and netting property investors a capital gain of 2% for the past year.

Investors saw the median home price rise to $510,000.

Profits due to an upward trend in home prices in the suburb averaged 10.26% per annum over a 3-year period.

WORRIGEE now ranks at the 816th 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 WORRIGEE 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 $400 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 WORRIGEE, homes and units usually stay on listing for an average of 79.8 days.

In 2016, 97 properties were sold in WORRIGEE during the past year, making it the 9th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $510,000 $452,500
GROWTH REPORT
Median Quarterly -2.21% N/A
Median 12 month 2% N/A
Median 3 years 30.77% N/A
Median 5 years 53.73% N/A
10 years average annual 5.94% N/A
Weekly media advert. rent $400 N/A
Time on Market 79.8 days 0.0 days
Gross Rental Yield Percent 4.08% N/A
demographics (median values)
Total Population
3634
Weekly Household Income
1093
Household Size
3.00
demographics
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