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 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 $193,000.
The upward trend in home prices in ADELONG, 2729 averaged 5.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $250 mark, reflecting a 6.74% increase in returns based on the current median price in ADELONG.
An average of 2.25 real estate transactions take place per month in ADELONG which translates to 27 per annum.
27 properties were sold in ADELONG in 2016, making it the 747th most active market in NSW based on total real estate transactions.
ADELONG, 2729 places 973rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $193,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.5% | N/A |
| Median 12 month | -1.03% | N/A |
| Median 3 years | 15.22% | N/A |
| Median 5 years | 2.12% | N/A |
| 10 years average annual | 1.81% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 117.3 days | N/A |
| Gross Rental Yield Percent | 6.74% | N/A |
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