City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
A 23.15% 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 94th.
A steady increase in median property prices over a five-year period in the suburb translates to a 10.29% 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 $1,875,000
The augmented property values in the suburb are trailing above the territorial average of 7.28% in 2016.
Home owners selling their properties and realtors in RAZORBACK usually have to wait an average of 137.8 days days before their assets are lifted off the market.
The NSW suburb ranks 1219th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
It also places places 28th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||23.15%||N/A|
|Median 3 years||10.29%||N/A|
|Median 5 years||70.45%||N/A|
|10 years average annual||10.6%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||137.8 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|