Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
A steady increase in median property prices over a five-year period in the suburb translates to a 46.02% capital gain.
Property investors in WELBY enjoyed capital gains of 2.8% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $642,500.
Profits due to an upward trend in home prices there averaged 15.34% per annum over a 3-year period.
Home owners selling their properties and realtors in WELBY usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $490 mark, reflecting a 3.97% increase in returns based on the current median price in WELBY.
WELBY, 2575 places 998th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $642,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.75% | N/A |
| Median 12 month | 2.8% | N/A |
| Median 3 years | 46.02% | N/A |
| Median 5 years | 78.47% | N/A |
| 10 years average annual | 12.82% | N/A |
| Weekly media advert. rent | $490 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.97% | N/A |
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