Springdale Heights

POSTAL CODE: NSW, 2641

HOUSE

Property investors have seen a 3.74% gain in SPRINGDALE HEIGHTS based on an increase in median home prices for the past three months.

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 $626,600

Profits averaged 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 $500 based on current median home prices for the suburb.

The gross rental yield in SPRINGDALE HEIGHTS, 2641 is 4.15%.

An average of 4.92 real estate transactions take place per month in SPRINGDALE HEIGHTS which translates to 59 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$626,600	N/A
Growth Report
Median Quarterly	3.74%	N/A
Median 12 month	4.43%	N/A
Median 3 years	33.75%	N/A
Median 5 years	84.29%	N/A
10 years average annual	11.25%	N/A
Weekly media advert. rent	$500	N/A
Time on Market	54 days	N/A
Gross Rental Yield Percent	4.15%	N/A

Demographics (Median Values)*

Total Population 15070

Weekly Household Income 950

Household Size 2.20

Average Age 40

Monthly Loan Repayment 1300

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

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