Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $461,000.
The upward trend in home prices in WILLMOT, 2770 averaged 17.89% per annum over a 3-year period.
Average weekly rents on listings have reached the $330 mark, reflecting a 3.72% increase in returns based on the current median price in WILLMOT.
An average of 3 real estate transactions take place per month in WILLMOT which translates to 36 per annum.
36 properties were sold in WILLMOT in 2016, making it the 569th most active market in NSW based on total real estate transactions.
WILLMOT, 2770 places 531st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $461,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.6% | N/A |
| Median 12 month | 10.68% | N/A |
| Median 3 years | 53.67% | N/A |
| Median 5 years | 105.57% | N/A |
| 10 years average annual | 9.01% | N/A |
| Weekly media advert. rent | $330 | N/A |
| Time on Market | 33.3 days | N/A |
| Gross Rental Yield Percent | 3.72% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...