Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
BERRIDALE, 2628 ranks 562nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 36.28% 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 $586,000.
The upward trend in home prices in BERRIDALE, 2628 averaged 35.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.88% increase in returns based on the current median price in BERRIDALE.
An average of 2.67 real estate transactions take place per month in BERRIDALE which translates to 32 per annum.
32 properties were sold in BERRIDALE in 2016, making it the 672nd most active market in NSW based on total real estate transactions.
BERRIDALE, 2628 places 607th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||36.28%||N/A|
|Median 3 years||106.37%||N/A|
|Median 5 years||181.06%||N/A|
|10 years average annual||13.48%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||4.88%||N/A|