Nyngan

POSTAL CODE: NSW, 2825

HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a -7% capital gain.

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 $232,500.

Profits due to an downward trend in home prices there averaged -2.33% per annum over a 3-year period.

Home owners selling their properties and realtors in NYNGAN usually have to wait an average of 97.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $400 mark, reflecting a 8.95% increase in returns based on the current median price in NYNGAN.

NYNGAN, 2825 places 1306th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$232,500	N/A
Growth Report
Median Quarterly	-10.58%	N/A
Median 12 month	-1.06%	N/A
Median 3 years	-7%	N/A
Median 5 years	43.52%	N/A
10 years average annual	8.49%	N/A
Weekly media advert. rent	$400	N/A
Time on Market	97.2 days	N/A
Gross Rental Yield Percent	8.95%	N/A

Demographics (Median Values)*

Total Population 2383

Weekly Household Income 1120

Household Size 2.40

Average Age 40

Monthly Loan Repayment 1083

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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