Stronger housing market extends 'wealth effect'
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Property investors have seen a -2.78% drop in ESTELLA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESTELLA, 2650 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 $350,000
Profits averaged -0.93% per annum over a 3-year period, due to an downward trend in home prices in ESTELLA, 2650.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in ESTELLA, 2650 is 5.65%.
An average of 4 real estate transactions take place per month in ESTELLA which translates to 48 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $350,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.78% | N/A |
| Median 12 month | -11.39% | N/A |
| Median 3 years | -2.78% | N/A |
| Median 5 years | 1.67% | N/A |
| 10 years average annual | 1.4% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 72.7 days | N/A |
| Gross Rental Yield Percent | 5.65% | N/A |
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