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AREA REPORTS

Pitt Town

Pitt Town - SUBURB PROFILE REPORT

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 $1,380,000.

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

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

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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12 MONTH GROWTH

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Queenton

69.76%
Flying Fish Point

69.61%
Point Piper

69.17%
Glenelg South

69.02%
Pretty Beach

69.01%
Bar Beach

68.9%
Northampton

68.7%
Kembla Grange

66.91%
Gnarabup

66.67%
Boomerang Beach

66.67%

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