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...
TEMORA, 2666 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling TEMORA, 2666 values up and netting property investors a capital gain of 11.73% for the past year.
Investors saw the median home price rise to $252,500.
Profits due to an upward trend in home prices in the suburb averaged 3.66% per annum over a 3-year period.
TEMORA now ranks at the 143rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TEMORA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $280 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TEMORA, homes and units usually stay on listing for an average of 99.4 days.
In 2016, 114 properties were sold in TEMORA during the past year, making it the 1409th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $252,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.21% | N/A |
| Median 12 month | 11.73% | N/A |
| Median 3 years | 10.99% | N/A |
| Median 5 years | 32.89% | N/A |
| 10 years average annual | 5.83% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 99.4 days | N/A |
| Gross Rental Yield Percent | 5.77% | N/A |
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
An issue with apartment towers in Sydney’s inner south has seen its residents evacuated and has highlighted the need for investors to keep...
New data has found which suburbs in some of Australia’s major capital cities are most suitable for subdivision, with the claims that doing...
The latest weekly property market data has shown even further signs of value stabilisation across the country, with all major capital cities...
There is a group who rarely get the recognition they deserve. In fact, they’ve become a demographic football that’s been kicked around ...
Winter – time for woolly jumpers, snuggly blankets, hot chocolate and nights by the fire… But it is also the time of year when cocooning...
Get notifications in real-time for staying up to date with content that matters to you.