Picton

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 17.14% for the past year.

Investors saw the median home price rise to $1,230,000.

Profits due to an upward trend in home prices in the suburb averaged 2.63% per annum over a 3-year period.

PICTON now ranks at the 529th 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 $620 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 66 days.

In 2016, 99 properties were sold in PICTON during the past year, making it the 8th most active market in NSW based on total real estate transactions.

PICTON ranks 376th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

PICTON, 2571 has a capital gain of 4.48% for the past year, which is lower than average compared to its 64.71% growth within a five-year period.

With the median home price in PICTON sitting at $700,000, and the average rent at $400, property owners could potentially earn a 2.97% increase in gross rental yield.

Property investors have seen a -10.83% drop in PICTON based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that PICTON, 2571 obtained a 11.78% growth over a ten-year period. It ranks 1603rd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,230,000	$700,000
Growth Report
Median Quarterly	2.71%	-10.83%
Median 12 month	17.14%	4.48%
Median 3 years	7.89%	13.13%
Median 5 years	61.84%	64.71%
10 years average annual	7.49%	11.78%
Weekly media advert. rent	$620	$400
Time on Market	66 days	N/A
Gross Rental Yield Percent	2.62%	2.97%

Demographics (Median Values)*

Total Population 11850

Weekly Household Income 2059

Household Size 3.00

Average 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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