Spring Has Finally Sprung: New Listings Lead Supply Bounce-back
More stock is finally making its way onto the spring market, according to new data from CoreLogic. ...
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 $1,185,000.
The upward trend in home prices in GLENWOOD, 2768 averaged 6.17% per annum over a 3-year period.
Average weekly rents on listings have reached the $607.5 mark, reflecting a 2.67% increase in returns based on the current median price in GLENWOOD.
An average of 17 real estate transactions take place per month in GLENWOOD which translates to 204 per annum.
204 properties were sold in GLENWOOD in 2016, making it the 950th most active market in NSW based on total real estate transactions.
GLENWOOD, 2768 places 585th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.49%||N/A|
|Median 3 years||18.5%||N/A|
|Median 5 years||31.23%||N/A|
|10 years average annual||8.02%||N/A|
|Weekly media advert. rent||$607.5||N/A|
|Time on Market||27.7 days||N/A|
|Gross Rental Yield Percent||2.67%||N/A|