The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
Property investors enjoyed capital gains of 0.37% over the last 12 months in GLENMORE PARK, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 7.36% growth over a ten-year period. It ranks 849th on our list of suburbs that property investors should look into.
GLENMORE PARK, 2745 has a capital gain of 0.37% for the past year, which is lower than average compared to its 51.06% growth within a five-year period.
With the median home price in GLENMORE PARK sitting at $762,840, and the average rent at $520, property owners could potentially earn a 3.54% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GLENMORE PARK are low, as opposed to average gains per annum over the past five years.
GLENMORE PARK, 2745 in NSW belongs to the local government area of Penrith (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $762,840 | $560,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.67% | -2.1% |
| Median 12 month | 0.37% | -5.32% |
| Median 3 years | 13.43% | 14.39% |
| Median 5 years | 51.06% | 36.71% |
| 10 years average annual | 7.36% | 7.02% |
| Weekly media advert. rent | $520 | $430 |
| Time on Market | 57.1 days | 43.7 days |
| Gross Rental Yield Percent | 3.54% | 3.99% |
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