RBA rate cut won’t help economy
The Reserve Bank of Australia (RBA) reducing official interest rates from their current record lows will provide some relief for mortgage ho...
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 $650,000.
The downward trend in home prices in INGLEBURN, 2565 averaged -0.38% per annum over a 3-year period.
Average weekly rents on listings have reached the $417.5 mark, reflecting a 3.34% increase in returns based on the current median price in INGLEBURN.
An average of 11.92 real estate transactions take place per month in INGLEBURN which translates to 143 per annum.
143 properties were sold in INGLEBURN in 2016, making it the 1090th most active market in NSW based on total real estate transactions.
INGLEBURN, 2565 places 780th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $650,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.54% | 2.63% |
| Median 12 month | 1.4% | 0.6% |
| Median 3 years | -1.14% | -6.67% |
| Median 5 years | 16.07% | 13.21% |
| 10 years average annual | 7.03% | 5.97% |
| Weekly media advert. rent | $417.5 | $360 |
| Time on Market | 49.3 days | 48.6 days |
| Gross Rental Yield Percent | 3.34% | 4.46% |
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