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Grasmere
AREA REPORTS

Grasmere

Grasmere - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2570

house

GRASMERE, 2570 delivered a stronger 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 GRASMERE, 2570 values up and netting property investors a capital gain of 14.7% for the past year.

Investors saw the median home price rise to $1,635,000.

Profits due to an downward trend in home prices in the suburb averaged -2.46% per annum over a 3-year period.

GRASMERE now ranks at the 466th 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 GRASMERE are high, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRASMERE, homes and units usually stay on listing for an average of 74.9 days.

In 2016, 23 properties were sold in GRASMERE during the past year, making it the 859th most active market in NSW based on total real estate transactions.

Data report can be found below

Grasmere
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,635,000 N/A
GROWTH REPORT
Median Quarterly 7.21% N/A
Median 12 month 14.7% N/A
Median 3 years -7.37% N/A
Median 5 years 25.29% N/A
10 years average annual 8.31% N/A
Weekly media advert. rent N/A N/A
Time on Market 74.9 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
40104
Weekly Household Income
2009
Household Size
3.00
Age
35
Monthly Loan Repayment
2253
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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