‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
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 $136,000.
Profits due to an upward trend in home prices there averaged 6.43% per annum over a 3-year period.
Home owners selling their properties and realtors in NYNGAN usually have to wait an average of 91.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $220 mark, reflecting a 8.41% increase in returns based on the current median price in NYNGAN.
NYNGAN, 2825 places 1324th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $136,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -15% | N/A |
| Median 12 month | -9.33% | N/A |
| Median 3 years | 19.3% | N/A |
| Median 5 years | -9.33% | N/A |
| 10 years average annual | 2.6% | N/A |
| Weekly media advert. rent | $220 | N/A |
| Time on Market | 91.5 days | N/A |
| Gross Rental Yield Percent | 8.41% | N/A |
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