‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
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 $1,000,000.
The upward trend in home prices in GLENWOOD, 2768 averaged 5.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.12% increase in returns based on the current median price in GLENWOOD.
An average of 13 real estate transactions take place per month in GLENWOOD which translates to 156 per annum.
156 properties were sold in GLENWOOD in 2016, making it the 1077th most active market in NSW based on total real estate transactions.
GLENWOOD, 2768 places 862nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,000,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.33% | N/A |
| Median 12 month | 1.11% | N/A |
| Median 3 years | 17.65% | N/A |
| Median 5 years | 63.67% | N/A |
| 10 years average annual | 7.5% | N/A |
| Weekly media advert. rent | $600 | N/A |
| Time on Market | 49.7 days | N/A |
| Gross Rental Yield Percent | 3.12% | N/A |
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