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Property investors have seen a 3.97% gain in DOONSIDE based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains DOONSIDE, 2767 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $681,000
Profits averaged -0.9% per annum over a 3-year period, due to an downward trend in home prices in DOONSIDE, 2767.
This means, real estate investors could earn a rental income of $397 based on current median home prices for the suburb.
The gross rental yield in DOONSIDE, 2767 is 3.03%.
An average of 7.92 real estate transactions take place per month in DOONSIDE which translates to 95 per annum.
Doonside is one of the most populous suburbs in Sydney, Australia. Located 40 kilometres from Sydney’s central business district, Doonside is bordered by the suburbs of Bungarribee, Woodcroft, Arndell Park, Rooty Hill, Glendenning and Marayong.
Based on latest government data, Doonside’s population now numbers 13,451, consisting of over 3,500 families. Almost half of these families have children, followed in number by single-parent families, and those without.
Doonside features a diverse community whose ancestries include Australian, English, Filipino, Indian and Irish. Half of the population were Australian-born, while the rest were from the Philippines, India, Fiji, New Zealand and England.
Real estate environment
Doonside, or Doony, as it is known to locals, logged impressive gains over a year. The median home price for houses for sale had climbed by 57.28 per cent and a whopping 91.43 per cent, in the past three and five years, respectively. Houses on offer stay on the market at an average of 53 days.
The most common dwelling structures in Doonside are separate houses, followed by townhouses. Only 1.5 per cent of residential spaces are flats or apartment units. Doonside is a renter’s market, with over 40 per cent of properties rented and the remaining properties fully owned or being purchased through a home loan.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.96%||16.43%|
|Median 3 years||-2.71%||-3.35%|
|Median 5 years||13.5%||12.73%|
|10 years average annual||7.64%||6.59%|
|Weekly media advert. rent||$397||$382.5|
|Time on Market||42.1 days||39.0 days|
|Gross Rental Yield Percent||3.03%||3.21%|