Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $132,500.
The downward trend in home prices in HENTY, 2658 averaged -8.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $240 mark, reflecting a 9.42% increase in returns based on the current median price in HENTY.
An average of 2.5 real estate transactions take place per month in HENTY which translates to 30 per annum.
30 properties were sold in HENTY in 2016, making it the 684th most active market in NSW based on total real estate transactions.
HENTY, 2658 places 756th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $132,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.85% | N/A |
| Median 12 month | -17.7% | N/A |
| Median 3 years | -26.39% | N/A |
| Median 5 years | -11.07% | N/A |
| 10 years average annual | 0.05% | N/A |
| Weekly media advert. rent | $240 | N/A |
| Time on Market | 93.2 days | N/A |
| Gross Rental Yield Percent | 9.42% | N/A |
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