How Does An Economist View Labor’s Housing Plans?
Saturday’s (21 May) federal election brought with it a new government, with the Albanese-led Labor party winning power...
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 $630,000.
The upward trend in home prices in YASS, 2582 averaged 15.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $530 mark, reflecting a 4.37% increase in returns based on the current median price in YASS.
An average of 13.58 real estate transactions take place per month in YASS which translates to 163 per annum.
163 properties were sold in YASS in 2016, making it the 1118th most active market in NSW based on total real estate transactions.
YASS, 2582 places 552nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.64%||N/A|
|Median 3 years||47.89%||N/A|
|Median 5 years||63.64%||N/A|
|10 years average annual||5.79%||N/A|
|Weekly media advert. rent||$530||N/A|
|Time on Market||65.1 days||N/A|
|Gross Rental Yield Percent||4.37%||N/A|