Werrington

POSTAL CODE: NSW, 2747

HOUSE

UNIT

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 $1,052,944.

The upward trend in home prices in WERRINGTON, 2747 averaged 13.81% per annum over a 3-year period.

Average weekly rents on listings have reached the $715 mark, reflecting a 3.53% increase in returns based on the current median price in WERRINGTON.

An average of 5.67 real estate transactions take place per month in WERRINGTON which translates to 68 per annum.

68 properties were sold in WERRINGTON in 2016, making it the 207th most active market in NSW based on total real estate transactions.

WERRINGTON, 2747 places 222nd in Australia based on median property value growth during the quarter.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $725,000.

Average median unit prices in NSW have risen as a whole, pulling WERRINGTON, 2747 values up and netting property investors a capital gain of 11.02% for the past year.

Investors saw the median home price rise to $725,000.

The upward trend in home prices in WERRINGTON, 2747 averaged 8.7% per annum over a 3-year period.

WERRINGTON now ranks at the 94th place on a list of fastest growing suburbs in the territory.

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

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WERRINGTON, homes and units usually stay on listing for an average of 27.9 days.

107 properties were sold in WERRINGTON in 2016, making it the 630th most active market in NSW based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,052,944	$725,000
Growth Report
Median Quarterly	2.23%	5.84%
Median 12 month	16.67%	11.02%
Median 3 years	41.43%	26.09%
Median 5 years	71.21%	53.6%
10 years average annual	8.53%	5.59%
Weekly media advert. rent	$715	$550
Time on Market	39 days	27.9 days
Gross Rental Yield Percent	3.53%	3.94%

Demographics (Median Values)*

Total Population 42421

Weekly Household Income 1603

Household Size 2.80

Average Age 33

Monthly Loan Repayment 1989

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

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