Tenants get more power in NSW after new legislation passes
Amendments to current rental legislation aimed to give tenants more power have passed the NSW Parliament without any changes. What does thi...
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 $270,000.
The upward trend in home prices in BOOROWA, 2586 averaged 9.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $260 mark, reflecting a 5.01% increase in returns based on the current median price in BOOROWA.
An average of 2.58 real estate transactions take place per month in BOOROWA which translates to 31 per annum.
31 properties were sold in BOOROWA in 2016, making it the 657th most active market in NSW based on total real estate transactions.
BOOROWA, 2586 places 183rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $270,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.06% | N/A |
| Median 12 month | 6.51% | N/A |
| Median 3 years | 27.96% | N/A |
| Median 5 years | 52.11% | N/A |
| 10 years average annual | 3.48% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 125.4 days | N/A |
| Gross Rental Yield Percent | 5.01% | N/A |
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