REIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
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 $1,295,000.
The upward trend in home prices in GLENWOOD, 2768 averaged 10.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 2.49% increase in returns based on the current median price in GLENWOOD.
An average of 17.75 real estate transactions take place per month in GLENWOOD which translates to 213 per annum.
213 properties were sold in GLENWOOD in 2016, making it the 915th most active market in NSW based on total real estate transactions.
GLENWOOD, 2768 places 676th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.88%||N/A|
|Median 3 years||30.02%||N/A|
|Median 5 years||43.81%||N/A|
|10 years average annual||8.76%||N/A|
|Weekly media advert. rent||$620||N/A|
|Time on Market||24.3 days||N/A|
|Gross Rental Yield Percent||2.49%||N/A|