What the NSW election result means for property investors
NSW Premier Gladys Berejiklian is set to remain in power for another term, so what does that mean for property investment in NSW? ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $671,000.
The upward trend in home prices in BROOKLYN, 3012 averaged 6.08% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.1% increase in returns based on the current median price in BROOKLYN.
An average of 2.25 real estate transactions take place per month in BROOKLYN which translates to 27 per annum.
27 properties were sold in BROOKLYN in 2016, making it the 359th most active market in VIC based on total real estate transactions.
BROOKLYN, 3012 places 622nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $671,000 | $567,500 |
| GROWTH REPORT | ||
| Median Quarterly | -8.83% | 0.44% |
| Median 12 month | -19.54% | 6.07% |
| Median 3 years | 18.24% | 23.24% |
| Median 5 years | 36.94% | 47.02% |
| 10 years average annual | 7.61% | 9.39% |
| Weekly media advert. rent | $400 | $410 |
| Time on Market | 46.0 days | 41.9 days |
| Gross Rental Yield Percent | 3.1% | 3.76% |
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