Spring Has Finally Sprung: New Listings Lead Supply Bounce-back
More stock is finally making its way onto the spring market, according to new data from CoreLogic. ...
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 $560,000.
The upward trend in home prices in YASS, 2582 averaged 10.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $505 mark, reflecting a 4.69% increase in returns based on the current median price in YASS.
An average of 14 real estate transactions take place per month in YASS which translates to 168 per annum.
168 properties were sold in YASS in 2016, making it the 1098th most active market in NSW based on total real estate transactions.
YASS, 2582 places 1148th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12%||N/A|
|Median 3 years||30.23%||N/A|
|Median 5 years||45.45%||N/A|
|10 years average annual||4.2%||N/A|
|Weekly media advert. rent||$505||N/A|
|Time on Market||84.4 days||N/A|
|Gross Rental Yield Percent||4.69%||N/A|