Crestwood

POSTAL CODE: NSW, 2620

HOUSE

UNIT

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 $845,000.

The upward trend in home prices in CRESTWOOD, 2620 averaged 2.19% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 3.08% increase in returns based on the current median price in CRESTWOOD.

An average of 4.25 real estate transactions take place per month in CRESTWOOD which translates to 51 per annum.

51 properties were sold in CRESTWOOD in 2016, making it the 370th most active market in NSW based on total real estate transactions.

CRESTWOOD, 2620 places 785th in Australia based on median property value growth during the quarter.

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 $362,000.

Investors saw the median home price rise to $362,000.

The upward trend in home prices in CRESTWOOD, 2620 averaged 2.31% per annum over a 3-year period.

CRESTWOOD now ranks at the 515th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in CRESTWOOD are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In CRESTWOOD, homes and units usually stay on listing for an average of 74.1 days.

87 properties were sold in CRESTWOOD in 2016, making it the 29th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$845,000	$362,000
Growth Report
Median Quarterly	1.2%	-4.11%
Median 12 month	1.5%	-1.76%
Median 3 years	6.56%	6.94%
Median 5 years	35.2%	46.71%
10 years average annual	6.84%	3.79%
Weekly media advert. rent	$500	$440
Time on Market	67 days	74.1 days
Gross Rental Yield Percent	3.08%	6.32%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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