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 $240,000.
The upward trend in home prices in BURONGA, 2739 averaged 3.66% per annum over a 3-year period.
Average weekly rents on listings have reached the $255 mark, reflecting a 5.53% increase in returns based on the current median price in BURONGA.
An average of 2.5 real estate transactions take place per month in BURONGA which translates to 30 per annum.
30 properties were sold in BURONGA in 2016, making it the 679th most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-9.43%||N/A|
|Median 3 years||10.98%||N/A|
|Median 5 years||9.09%||N/A|
|10 years average annual||4.5%||N/A|
|Weekly media advert. rent||$255||N/A|
|Time on Market||70.9 days||N/A|
|Gross Rental Yield Percent||5.53%||N/A|