‘Zero spread’ opens up property-buying opportunities
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SUTTON, 2620 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $1,250,000.
SUTTON now ranks at the 10th 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 SUTTON are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $522.5 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SUTTON, homes and units usually stay on listing for an average of 72.2 days.
In 2016, 17 properties were sold in SUTTON during the past year, making it the 960th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,250,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 18.76% | N/A |
| Median 12 month | -10.71% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 32.98% | N/A |
| 10 years average annual | 10.99% | N/A |
| Weekly media advert. rent | $522.5 | N/A |
| Time on Market | 72.2 days | N/A |
| Gross Rental Yield Percent | 2.17% | N/A |
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