Housing Market Intervention To Wipe Out Growth By 2023
A big four bank has conceded that its earlier property growth forecasts were overly cautious, while predicting that a t...
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 $653,500.
The downward trend in home prices in COLO VALE, 2575 averaged -3.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $455 mark, reflecting a 3.62% increase in returns based on the current median price in COLO VALE.
An average of 3.08 real estate transactions take place per month in COLO VALE which translates to 37 per annum.
37 properties were sold in COLO VALE in 2016, making it the 560th most active market in NSW based on total real estate transactions.
COLO VALE, 2575 places 82nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-5.29%||N/A|
|Median 3 years||-11.69%||N/A|
|Median 5 years||19.36%||N/A|
|10 years average annual||6.76%||N/A|
|Weekly media advert. rent||$455||N/A|
|Time on Market||70.4 days||N/A|
|Gross Rental Yield Percent||3.62%||N/A|