Home owners push ahead with renovation work
Despite the coronavirus pandemic, home owners are pushing ahead with their renovation projects, according to new research. ...
BERRIDALE, 2628 ranks 539th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 11.29% 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 $316,000.
The upward trend in home prices in BERRIDALE, 2628 averaged 14.27% per annum over a 3-year period.
Average weekly rents on listings have reached the $355 mark, reflecting a 5.84% increase in returns based on the current median price in BERRIDALE.
An average of 2.5 real estate transactions take place per month in BERRIDALE which translates to 30 per annum.
30 properties were sold in BERRIDALE in 2016, making it the 659th most active market in NSW based on total real estate transactions.
BERRIDALE, 2628 places 1125th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $316,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.24% | N/A |
| Median 12 month | 11.29% | N/A |
| Median 3 years | 42.82% | N/A |
| Median 5 years | 33.05% | N/A |
| 10 years average annual | 5.86% | N/A |
| Weekly media advert. rent | $355 | N/A |
| Time on Market | 92.4 days | N/A |
| Gross Rental Yield Percent | 5.84% | N/A |
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