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Razorback
AREA REPORTS

Razorback

Razorback - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2571

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A 38.8% increase in median property prices in RAZORBACK, 2571 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 76th.

A steady increase in median property prices over a five-year period in the suburb translates to a 23.51% capital gain.

It also 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 $2,075,000

The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.

Home owners selling their properties and realtors in RAZORBACK usually have to wait an average of 114.4 days days before their assets are lifted off the market.

The NSW suburb ranks 1177th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.

It also places places 737th in Australia based on median property value growth during the quarter.

Data report can be found below

Razorback
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,075,000 N/A
GROWTH REPORT
Median Quarterly 5.06% N/A
Median 12 month 38.8% N/A
Median 3 years 23.51% N/A
Median 5 years 57.79% N/A
10 years average annual 13.55% N/A
Weekly media advert. rent N/A N/A
Time on Market 114.4 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
640
Weekly Household Income
1352
Household Size
3.10
Age
36
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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