Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
GRENFELL, 2810 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 $170,000.
Profits due to an downward trend in home prices in the suburb averaged -4.18% per annum over a 3-year period.
GRENFELL now ranks at the 916th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GRENFELL are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GRENFELL, homes and units usually stay on listing for an average of 75.3 days.
In 2016, 61 properties were sold in GRENFELL during the past year, making it the 256th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $170,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.86% | N/A |
| Median 12 month | -3.82% | N/A |
| Median 3 years | -12.55% | N/A |
| Median 5 years | 9.68% | N/A |
| 10 years average annual | 4.37% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 75.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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