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1 MIN READCanberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
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Spring FarmSpring Farm - SUBURB PROFILE REPORT
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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 $702,500.
The downward trend in home prices in SPRING FARM, 2570 averaged -0.21% per annum over a 3-year period.
Average weekly rents on listings have reached the $515 mark, reflecting a 3.81% increase in returns based on the current median price in SPRING FARM.
An average of 24.25 real estate transactions take place per month in SPRING FARM which translates to 291 per annum.
291 properties were sold in SPRING FARM in 2016, making it the 699th most active market in NSW based on total real estate transactions.
SPRING FARM, 2570 places 1035th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $702,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.08% | N/A |
| Median 12 month | 3.31% | N/A |
| Median 3 years | -0.64% | N/A |
| Median 5 years | 11.05% | N/A |
| 10 years average annual | 5.36% | N/A |
| Weekly media advert. rent | $515 | N/A |
| Time on Market | 49.5 days | N/A |
| Gross Rental Yield Percent | 3.81% | N/A |
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