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 $679,000.
The upward trend in home prices in NARELLAN VALE, 2567 averaged 14.82% per annum over a 3-year period.
Average weekly rents on listings have reached the $470 mark, reflecting a 3.6% increase in returns based on the current median price in NARELLAN VALE.
An average of 9.5 real estate transactions take place per month in NARELLAN VALE which translates to 114 per annum.
114 properties were sold in NARELLAN VALE in 2016, making it the 1357th most active market in NSW based on total real estate transactions.
NARELLAN VALE, 2567 places 773rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.64%||N/A|
|Median 3 years||44.47%||N/A|
|Median 5 years||60.71%||N/A|
|10 years average annual||6.47%||N/A|
|Weekly media advert. rent||$470||N/A|
|Time on Market||27.7 days||N/A|
|Gross Rental Yield Percent||3.6%||N/A|