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 $188,000.
The downward trend in home prices in ADELONG, 2729 averaged -0.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $240 mark, reflecting a 6.64% increase in returns based on the current median price in ADELONG.
An average of 2 real estate transactions take place per month in ADELONG which translates to 24 per annum.
24 properties were sold in ADELONG in 2016, making it the 802nd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.99%||N/A|
|Median 3 years||-0.53%||N/A|
|Median 5 years||-14.55%||N/A|
|10 years average annual||-1.16%||N/A|
|Weekly media advert. rent||$240||N/A|
|Time on Market||138.9 days||N/A|
|Gross Rental Yield Percent||6.64%||N/A|