The Sydney suburbs tipped to bounce back first
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
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 $395,000.
The upward trend in home prices in MUDGEE, 2850 averaged 2.4% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 5% increase in returns based on the current median price in MUDGEE.
An average of 33.75 real estate transactions take place per month in MUDGEE which translates to 405 per annum.
405 properties were sold in MUDGEE in 2016, making it the 503rd most active market in NSW based on total real estate transactions.
MUDGEE, 2850 places 432nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $395,000 | $252,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.64% | -4.36% |
| Median 12 month | 2.6% | -2.88% |
| Median 3 years | 7.19% | -6.48% |
| Median 5 years | 4.22% | -15.41% |
| 10 years average annual | 3.9% | 0.27% |
| Weekly media advert. rent | $380 | $290 |
| Time on Market | 86.9 days | 74.2 days |
| Gross Rental Yield Percent | 5% | 5.97% |
If investors want to capitalise on market conditions in Sydney, they may want to consider watching these key markets and their surrounding s...
A research analyst has analysed the last three decades of value rises and declines and has made a conclusion that he called “unprecedented...
The release of new data by the ABS about an increase in Australia’s population highlights the need for further supply to be built, accordi...
You have a responsibility owning property: number one to yourself, to make sure that the asset is performing as well as possible; and number...
Infrastructure has always been cited as a main indicator of potential capital growth for investment properties — how exactly do existing a...
The current property market is seeing a boost of confidence following recent political and financial moves. If investors what to stand out i...
Get notifications in real-time for staying up to date with content that matters to you.