Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
Property investors have seen a -4.83% drop in TREGEAR based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains TREGEAR, 2770 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 $492,500
Profits averaged 4.36% per annum over a 3-year period, due to an upward trend in home prices in TREGEAR, 2770.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in TREGEAR, 2770 is 3.7%.
An average of 2.92 real estate transactions take place per month in TREGEAR which translates to 35 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $492,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.83% | N/A |
| Median 12 month | -4.37% | N/A |
| Median 3 years | 13.09% | N/A |
| Median 5 years | 75.74% | N/A |
| 10 years average annual | 9.94% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 61.5 days | N/A |
| Gross Rental Yield Percent | 3.7% | N/A |
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