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...
NORTH RICHMOND, 2754 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 $745,000.
Profits due to an upward trend in home prices in the suburb averaged 6.08% per annum over a 3-year period.
NORTH RICHMOND now ranks at the 1017th 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 NORTH RICHMOND are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $460 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH RICHMOND, homes and units usually stay on listing for an average of 80.3 days.
In 2016, 65 properties were sold in NORTH RICHMOND during the past year, making it the 221st most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $745,000 | $515,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.87% | 0.98% |
| Median 12 month | -5.52% | 4.04% |
| Median 3 years | 18.25% | 4.04% |
| Median 5 years | 55.53% | 36.6% |
| 10 years average annual | 6.92% | 8.11% |
| Weekly media advert. rent | $460 | $400 |
| Time on Market | 80.3 days | 72.7 days |
| Gross Rental Yield Percent | 3.21% | 4.04% |
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...
Multiple industry body heads have accepted SQM’s updated modelling of what the property market could look like under Labor’s proposed ne...
Analysis of recent ABS data has shown that the decline in overseas migration eased over the recent quarter, which is important for property....
There is a significant amount of tax dollars that have gone missing through the Airbnb gig economy, as hosts are failing to report side inco...
With a number of major property markets currently at a softening phase, experts encourage investors to reassess their strategies in order to...