Jordan Springs

POSTAL CODE: NSW, 2747

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 13.4% capital gain.

It 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 $1,047,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $760.

Home owners selling their properties and realtors in JORDAN SPRINGS usually have to wait an average of 35.8 days days before their assets are lifted off the market.

The NSW suburb ranks 347th on the list of best yielding suburbs for rental properties in NSW, posting a 3.77% return.

It also places places 381st in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 4.33% over the last 12 months in JORDAN SPRINGS, 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 JORDAN SPRINGS, 2747 obtained a 3.58% growth over a ten-year period. It ranks 1178th on our list of suburbs that property investors should look into.

JORDAN SPRINGS, 2747 has a capital gain of 4.33% for the past year, which is higher than average compared to its 20.97% growth within a five-year period.

With the median home price in JORDAN SPRINGS sitting at $675,000, and the average rent at $560, property owners could potentially earn a 4.31% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in JORDAN SPRINGS are low, as opposed to average gains per annum over the past five years.

JORDAN SPRINGS, 2747 in NSW belongs to the local government area of Penrith.

Surburb overview

Jordan Springs was all wet and arid lands in the past, but realtors and property buyers would be surprised at how much the suburb has evolved since. Housing estates are virtually non-existent five years ago in Jordan Springs, but new developments have sprung up in the area as acres of greeneries were rezoned for residential use.

Today, Jordan Springs’ population numbers an estimated 5,000 and the local council forecast the addition of 3,000 more residents in the next five years. Developers, however, are more bullish on their new estates and expect an average of 6,000 new residents once construction is completed.

Relaxed laws for property owners

Drawn to its easygoing atmosphere, community-centric amenities and nearby natural attractions, people have flocked to Jordan Springs for either a change of scenery or lifestyle, or both. In addition, buyers are afforded the freedom to extend their properties and have a home built in their own design. Jordan Springs home models are not homogeneous, and the suburb is also the first in the entire country to construct extension-ready homes.

The median home price in Jordan Springs is on an uptick, settling at approximately AU$740,000, while units sell at AU$544,000, based on our market data. Rental income from properties has exhibited an upward movement in recent years as well.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,047,000	$675,000
Growth Report
Median Quarterly	3.87%	0%
Median 12 month	6.84%	4.33%
Median 3 years	13.4%	12.59%
Median 5 years	45.01%	20.97%
10 years average annual	4.64%	3.58%
Weekly media advert. rent	$760	$560
Time on Market	35.8 days	62.5 days
Gross Rental Yield Percent	3.77%	4.31%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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