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Picton
AREA REPORTS

Picton

Picton - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2571

house
unit

PICTON, 2571 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 PICTON, 2571 values up and netting property investors a capital gain of 9.33% for the past year.

Investors saw the median home price rise to $785,000.

Profits due to an upward trend in home prices in the suburb averaged 1.1% per annum over a 3-year period.

PICTON now ranks at the 1238th 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 PICTON are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $460 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PICTON, homes and units usually stay on listing for an average of 46.7 days.

In 2016, 97 properties were sold in PICTON during the past year, making it the 11th most active market in NSW based on total real estate transactions.

Data report can be found below

Picton
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $785,000 $418,000
GROWTH REPORT
Median Quarterly 1.03% -1.65%
Median 12 month 9.33% -11.63%
Median 3 years 3.29% -11.06%
Median 5 years 19.85% 39.8%
10 years average annual 6.22% 6.08%
Weekly media advert. rent $460 $335
Time on Market 46.7 days 66.7 days
Gross Rental Yield Percent 3.05% 4.17%
demographics (median values)*
Total Population
11850
Weekly Household Income
2059
Household Size
3.00
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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