Property buyers warned on hasty decisions with HomeBuilder grant
Property buyers looking to cash in on the HomeBuilder grant should proceed with caution, with uncertainty around building costs and job secu...
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 $680,000.
Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.
NORTH RICHMOND now ranks at the 1028th 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 95.3 days.
In 2016, 95 properties were sold in NORTH RICHMOND during the past year, making it the 16th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,000 | $521,500 |
| GROWTH REPORT | ||
| Median Quarterly | -2.16% | 0.68% |
| Median 12 month | -7.8% | 1.26% |
| Median 3 years | 0% | 6.43% |
| Median 5 years | 22.36% | 27.2% |
| 10 years average annual | 5.68% | 5.63% |
| Weekly media advert. rent | $460 | $405 |
| Time on Market | 95.3 days | 70.7 days |
| Gross Rental Yield Percent | 3.52% | 4.04% |
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