Schofields

POSTAL CODE: NSW, 2762

HOUSE

UNIT

Property investments in SCHOFIELDS did not fare well against the rest of the country last year, registering a median home price decrease of 1.99%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SCHOFIELDS, 2762 saw average growth in the long term.

Real estate investors could earn a rental income of $795 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 59.2 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,280,000.

SCHOFIELDS ranks 574th on the list of best yielding suburbs for rental properties in NSW, posting a 3.23% return.

Based on its average 5-year and quarterly capital gains SCHOFIELDS, 2762 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in SCHOFIELDS, 2762 averaged 1.44% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 5.33% increase in returns based on the current median price in SCHOFIELDS.

An average of 31.83 real estate transactions take place per month in SCHOFIELDS which translates to 382 per annum.

382 properties were sold in SCHOFIELDS during the past year, making it the 190th most active market in NSW based on total real estate transactions.

SCHOFIELDS, 2762 places 502nd 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	$1,280,000	$634,250
Growth Report
Median Quarterly	0.81%	-3.17%
Median 12 month	1.99%	-0.12%
Median 3 years	9.87%	4.33%
Median 5 years	53.48%	11.27%
10 years average annual	6.95%	1.64%
Weekly media advert. rent	$795	$650
Time on Market	59.2 days	75.5 days
Gross Rental Yield Percent	3.23%	5.33%

Demographics (Median Values)*

Total Population 4983

Weekly Household Income 2051

Household Size 3.10

Average Age 32

Monthly Loan Repayment 2400

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

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