Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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YASS, 2582 ranks 268th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.29% for property investors.
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 $490,000.
The upward trend in home prices in YASS, 2582 averaged 8.98% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.24% increase in returns based on the current median price in YASS.
An average of 11.08 real estate transactions take place per month in YASS which translates to 133 per annum.
133 properties were sold in YASS in 2016, making it the 1141st most active market in NSW based on total real estate transactions.
YASS, 2582 places 127th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $490,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.46% | N/A |
| Median 12 month | 15.29% | N/A |
| Median 3 years | 26.94% | N/A |
| Median 5 years | 21.96% | N/A |
| 10 years average annual | 5.03% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 99.0 days | N/A |
| Gross Rental Yield Percent | 4.24% | N/A |
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