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 $660,000.
The upward trend in home prices in INGLEBURN, 2565 averaged 15.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $430 mark, reflecting a 3.39% increase in returns based on the current median price in INGLEBURN.
An average of 17.17 real estate transactions take place per month in INGLEBURN which translates to 206 per annum.
206 properties were sold in INGLEBURN in 2016, making it the 908th most active market in NSW based on total real estate transactions.
INGLEBURN, 2565 places 1006th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $447,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.76% | 1.59% |
| Median 12 month | 4.76% | 5.18% |
| Median 3 years | 45.05% | 37.12% |
| Median 5 years | 85.92% | 80.24% |
| 10 years average annual | 8.09% | 8.04% |
| Weekly media advert. rent | $430 | $380 |
| Time on Market | 52.8 days | 28.6 days |
| Gross Rental Yield Percent | 3.39% | 4.42% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...