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Schofields
AREA REPORTS

Schofields

Schofields - SUBURB PROFILE REPORT
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 15.76%.

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 $570 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 34.8 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 $914,500.

SCHOFIELDS ranks 560th on the list of best yielding suburbs for rental properties in NSW, posting a 3.24% return.

Data report can be found below

Schofields
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $914,500 $569,990
GROWTH REPORT
Median Quarterly 5.97% 0.26%
Median 12 month 15.76% -12.31%
Median 3 years 9.85% -18.57%
Median 5 years 33.07% -5.79%
10 years average annual 7.65% 0.37%
Weekly media advert. rent $570 $495
Time on Market 34.8 days 71.3 days
Gross Rental Yield Percent 3.24% 4.52%
demographics (median values)*
Total Population
4983
Weekly Household Income
2051
Household Size
3.10
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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