Schoolies season sparks warning to home owners
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $662,500.
The upward trend in home prices in COLO VALE, 2575 averaged 6.82% per annum over a 3-year period.
Average weekly rents on listings have reached the $435 mark, reflecting a 3.41% increase in returns based on the current median price in COLO VALE.
An average of 1.83 real estate transactions take place per month in COLO VALE which translates to 22 per annum.
22 properties were sold in COLO VALE in 2016, making it the 847th most active market in NSW based on total real estate transactions.
COLO VALE, 2575 places 239th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $662,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.92% | N/A |
| Median 12 month | -6.69% | N/A |
| Median 3 years | 20.45% | N/A |
| Median 5 years | 92.03% | N/A |
| 10 years average annual | 8.49% | N/A |
| Weekly media advert. rent | $435 | N/A |
| Time on Market | 122.6 days | N/A |
| Gross Rental Yield Percent | 3.41% | N/A |
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