Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $60,000.
The upward trend in home prices in LIGHTNING RIDGE, 2834 averaged 6.67% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in LIGHTNING RIDGE.
An average of 2.58 real estate transactions take place per month in LIGHTNING RIDGE which translates to 31 per annum.
31 properties were sold in LIGHTNING RIDGE in 2016, making it the 667th most active market in NSW based on total real estate transactions.
LIGHTNING RIDGE, 2834 places 102nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $60,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.09% | N/A |
| Median 12 month | -35.48% | N/A |
| Median 3 years | 20% | N/A |
| Median 5 years | 9.09% | N/A |
| 10 years average annual | -4.53% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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