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AREA REPORTS

Schofields

Schofields - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2762

house
unit

Property investments in SCHOFIELDS fare well against the rest of the country last year, registering a median home price increase of 16.67%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 $550 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 49.7 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 $822,500.

SCHOFIELDS ranks 519th on the list of best yielding suburbs for rental properties in NSW, posting a 3.48% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $822,500 $650,000
GROWTH REPORT
Median Quarterly 5.45% -1.52%
Median 12 month 16.67% 8.33%
Median 3 years 2.42% -7.14%
Median 5 years 19.2% 18.18%
10 years average annual 7.11% 2.65%
Weekly media advert. rent $550 $510
Time on Market 49.7 days 88.0 days
Gross Rental Yield Percent 3.48% 4.08%
demographics (median values)
Total Population
3905
Weekly Household Income
1125
Household Size
3.00
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