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...
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 $410,000.
The upward trend in home prices in HOWLONG, 2643 averaged 15.65% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 4.57% increase in returns based on the current median price in HOWLONG.
An average of 6.58 real estate transactions take place per month in HOWLONG which translates to 79 per annum.
79 properties were sold in HOWLONG in 2016, making it the 151st most active market in NSW based on total real estate transactions.
HOWLONG, 2643 places 515th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||30.16%||N/A|
|Median 3 years||46.95%||N/A|
|Median 5 years||49.64%||N/A|
|10 years average annual||6.32%||N/A|
|Weekly media advert. rent||$360||N/A|
|Time on Market||40.7 days||N/A|
|Gross Rental Yield Percent||4.57%||N/A|