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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 $915,000.
The upward trend in home prices in GLENBROOK, 2773 averaged 6.41% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 2.96% increase in returns based on the current median price in GLENBROOK.
An average of 6.25 real estate transactions take place per month in GLENBROOK which translates to 75 per annum.
75 properties were sold in GLENBROOK in 2016, making it the 150th most active market in NSW based on total real estate transactions.
GLENBROOK, 2773 places 1177th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $915,000 | $653,000 |
| GROWTH REPORT | ||
| Median Quarterly | -6.2% | -10.43% |
| Median 12 month | -3.68% | -12.93% |
| Median 3 years | 19.22% | N/A |
| Median 5 years | 51.24% | N/A |
| 10 years average annual | 7.57% | -12.93% |
| Weekly media advert. rent | $520 | N/A |
| Time on Market | 55.8 days | 0.0 days |
| Gross Rental Yield Percent | 2.96% | N/A |
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