Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
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 $680,500.
The upward trend in home prices in WINMALEE, 2777 averaged 9.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $465 mark, reflecting a 3.55% increase in returns based on the current median price in WINMALEE.
An average of 9 real estate transactions take place per month in WINMALEE which translates to 108 per annum.
108 properties were sold in WINMALEE in 2016, making it the 1412th most active market in NSW based on total real estate transactions.
WINMALEE, 2777 places 1119th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $680,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.15% | N/A |
| Median 12 month | 3.99% | N/A |
| Median 3 years | 29.62% | N/A |
| Median 5 years | 62.8% | N/A |
| 10 years average annual | 6.28% | N/A |
| Weekly media advert. rent | $465 | N/A |
| Time on Market | 51.1 days | N/A |
| Gross Rental Yield Percent | 3.55% | N/A |
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