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Buronga
AREA REPORTS

Buronga

Buronga - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2739

house

BURONGA, 2739 ranks 177th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 48.25% for property investors.

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 $550,000.

The upward trend in home prices in BURONGA, 2739 averaged 25.81% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in BURONGA.

An average of 2 real estate transactions take place per month in BURONGA which translates to 24 per annum.

24 properties were sold in BURONGA in 2016, making it the 845th most active market in NSW based on total real estate transactions.

BURONGA, 2739 places 425th in Australia based on median property value growth during the quarter.

Data report can be found below

Buronga
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 N/A
GROWTH REPORT
Median Quarterly 8.06% N/A
Median 12 month 48.25% N/A
Median 3 years 77.42% N/A
Median 5 years 150% N/A
10 years average annual 13.59% N/A
Weekly media advert. rent N/A N/A
Time on Market 47.1 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1401
Weekly Household Income
1143
Household Size
2.40
Age
40
Monthly Loan Repayment
1291
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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