Pitt Town

POSTAL CODE: NSW, 2756

HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

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 $1,812,500.

The upward trend in home prices in PITT TOWN, 2756 averaged 0.61% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 2.3% increase in returns based on the current median price in PITT TOWN.

An average of 4.75 real estate transactions take place per month in PITT TOWN which translates to 57 per annum.

57 properties were sold in PITT TOWN in 2016, making it the 302nd most active market in NSW based on total real estate transactions.

PITT TOWN, 2756 places 1035th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,812,500	N/A
Growth Report
Median Quarterly	-0.68%	N/A
Median 12 month	-8.46%	N/A
Median 3 years	1.83%	N/A
Median 5 years	33.27%	N/A
10 years average annual	6.45%	N/A
Weekly media advert. rent	$800	N/A
Time on Market	103.3 days	N/A
Gross Rental Yield Percent	2.3%	N/A

Demographics (Median Values)*

Total Population 33932

Weekly Household Income 1741

Household Size 2.90

Average Age 35

Monthly Loan Repayment 2058

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

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