Property market update: Sydney, May 2020
As the world continues to face the effects of the COVID-19 pandemic, how will the Sydney property market move to recover over the long-term?...
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Property investors have seen a -0.85% drop in SPRINGDALE HEIGHTS based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on SPRINGDALE HEIGHTS, 2641 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.97%.
Based on its average 5-year and quarterly capital gains SPRINGDALE HEIGHTS, 2641 saw average growth in the long term.
The NSW 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 $290,000
Profits averaged 7.11% per annum over a 3-year period, due to an upward trend in home prices in SPRINGDALE HEIGHTS, 2641.
This means, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in SPRINGDALE HEIGHTS, 2641 is 5.74%.
An average of 3.58 real estate transactions take place per month in SPRINGDALE HEIGHTS which translates to 43 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $290,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.85% | N/A |
| Median 12 month | 11.97% | N/A |
| Median 3 years | 21.34% | N/A |
| Median 5 years | 28.89% | N/A |
| 10 years average annual | 3.57% | N/A |
| Weekly media advert. rent | $320 | N/A |
| Time on Market | 79.3 days | N/A |
| Gross Rental Yield Percent | 5.74% | N/A |
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