Government ‘pleased’ With Property Price Growth
The government said it is not concerned about the RBA’s warning that the financial system could be rocked if there’s...
ROSSMORE, 2557 ranks 83rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.67% 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 stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $3,621,000.
The upward trend in home prices in ROSSMORE, 2557 averaged 7.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $490 mark, reflecting a 0.7% increase in returns based on the current median price in ROSSMORE.
An average of 1.08 real estate transactions take place per month in ROSSMORE which translates to 13 per annum.
13 properties were sold in ROSSMORE in 2016, making it the 1216th most active market in NSW based on total real estate transactions.
ROSSMORE, 2557 places 86th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.67%||N/A|
|Median 3 years||23.79%||N/A|
|Median 5 years||84.74%||N/A|
|10 years average annual||20.16%||N/A|
|Weekly media advert. rent||$490||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||0.7%||N/A|