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Pitt Town
AREA REPORTS

Pitt Town

Pitt Town - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2756

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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 $1,380,000.

The upward trend in home prices in PITT TOWN, 2756 averaged 0.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $670 mark, reflecting a 2.52% increase in returns based on the current median price in PITT TOWN.

An average of 7.25 real estate transactions take place per month in PITT TOWN which translates to 87 per annum.

87 properties were sold in PITT TOWN in 2016, making it the 72nd most active market in NSW based on total real estate transactions.

PITT TOWN, 2756 places 1363rd in Australia based on median property value growth during the quarter.

Data report can be found below

Pitt Town
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,380,000 N/A
GROWTH REPORT
Median Quarterly -2.82% N/A
Median 12 month 15% N/A
Median 3 years 0.36% N/A
Median 5 years 28.97% N/A
10 years average annual 8.47% N/A
Weekly media advert. rent $670 N/A
Time on Market 53.0 days N/A
Gross Rental Yield Percent 2.52% N/A
demographics (median values)*
Total Population
33932
Weekly Household Income
1741
Household Size
2.90
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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