Capital city house prices reach record high in December
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GRASMERE, 2570 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 $1,370,000.
Profits due to an downward trend in home prices in the suburb averaged -5.66% per annum over a 3-year period.
GRASMERE now ranks at the 1170th 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 low, 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 75.8 days.
In 2016, 23 properties were sold in GRASMERE during the past year, making it the 834th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,370,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.89% | N/A |
| Median 12 month | -10.6% | N/A |
| Median 3 years | -16.97% | N/A |
| Median 5 years | 12.7% | N/A |
| 10 years average annual | 5.61% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 75.8 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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