Surging House Prices Leading To Longer Saving Times For FHBs
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
BOOROWA, 2586 ranks 251st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.73% 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 $320,000.
The upward trend in home prices in BOOROWA, 2586 averaged 6.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.88% increase in returns based on the current median price in BOOROWA.
An average of 4.17 real estate transactions take place per month in BOOROWA which translates to 50 per annum.
50 properties were sold in BOOROWA in 2016, making it the 386th most active market in NSW based on total real estate transactions.
BOOROWA, 2586 places 690th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||26.73%||N/A|
|Median 3 years||20.3%||N/A|
|Median 5 years||43.82%||N/A|
|10 years average annual||7.66%||N/A|
|Weekly media advert. rent||$300||N/A|
|Time on Market||118.4 days||N/A|
|Gross Rental Yield Percent||4.88%||N/A|