Buronga

POSTAL CODE: NSW, 2739

HOUSE

BURONGA, 2739 ranks 493rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.24% 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 $505,000.

The upward trend in home prices in BURONGA, 2739 averaged 12.16% per annum over a 3-year period.

Average weekly rents on listings have reached the $455 mark, reflecting a 4.69% increase in returns based on the current median price in BURONGA.

An average of 2.25 real estate transactions take place per month in BURONGA which translates to 27 per annum.

27 properties were sold in BURONGA in 2016, making it the 737th most active market in NSW based on total real estate transactions.

BURONGA, 2739 places 13th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$505,000	N/A
Growth Report
Median Quarterly	20.1%	N/A
Median 12 month	20.24%	N/A
Median 3 years	36.49%	N/A
Median 5 years	42.05%	N/A
10 years average annual	9.04%	N/A
Weekly media advert. rent	$455	N/A
Time on Market	56.5 days	N/A
Gross Rental Yield Percent	4.69%	N/A

Demographics (Median Values)*

Total Population 1401

Weekly Household Income 1143

Household Size 2.40

Average 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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