Summer Off To A Sizzling Start For Auctions
Last week’s all-time auction activity record may stick around, but it’s still set to be a massive weekend for auctio...
WERRINGTON, 2747 ranks 2766th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.54% 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 $715,000.
The upward trend in home prices in WERRINGTON, 2747 averaged 2.97% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 2.91% increase in returns based on the current median price in WERRINGTON.
An average of 3.83 real estate transactions take place per month in WERRINGTON which translates to 46 per annum.
46 properties were sold in WERRINGTON in 2016, making it the 446th most active market in NSW based on total real estate transactions.
WERRINGTON, 2747 places 936th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.54%||25.36%|
|Median 3 years||8.91%||8.33%|
|Median 5 years||22.96%||21.45%|
|10 years average annual||9.07%||9.38%|
|Weekly media advert. rent||$400||$370|
|Time on Market||31.4 days||41.0 days|
|Gross Rental Yield Percent||2.91%||3.65%|