Consumers move prior to lockdown
The COVID-19 pandemic has simply accelerated the tree change that had started prior to the health outbreak, a leading researcher has told Sm...
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 $445,000.
The downward trend in home prices in WILLMOT, 2770 averaged -1.77% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 3.51% increase in returns based on the current median price in WILLMOT.
An average of 1.92 real estate transactions take place per month in WILLMOT which translates to 23 per annum.
23 properties were sold in WILLMOT in 2016, making it the 813th most active market in NSW based on total real estate transactions.
WILLMOT, 2770 places 161st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $445,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.23% | N/A |
| Median 12 month | 8.54% | N/A |
| Median 3 years | -5.32% | N/A |
| Median 5 years | 11.25% | N/A |
| 10 years average annual | 8.06% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 61.4 days | N/A |
| Gross Rental Yield Percent | 3.51% | N/A |
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