The policies impacting property in the NSW state election
Property policies are a headline issue for the NSW state election, with voters going to the polls this weekend. Smart Property Investment ha...
Property investors have seen a -1.67% drop in ESSENDON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ESSENDON, 3040 saw average growth in the long term.
The VIC 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 $1,470,000
Profits averaged 11.01% per annum over a 3-year period, due to an upward trend in home prices in ESSENDON, 3040.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in ESSENDON, 3040 is 1.98%.
An average of 15.75 real estate transactions take place per month in ESSENDON which translates to 189 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,470,000 | $488,250 |
| GROWTH REPORT | ||
| Median Quarterly | -1.67% | -0.71% |
| Median 12 month | 5% | -0.36% |
| Median 3 years | 33.03% | -6.56% |
| Median 5 years | 69.94% | 2.79% |
| 10 years average annual | 7.37% | 3.34% |
| Weekly media advert. rent | $560 | $380 |
| Time on Market | 44.1 days | 79.3 days |
| Gross Rental Yield Percent | 1.98% | 4.05% |
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