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? ...
A steady increase in median property prices over a five-year period in the suburb translates to a 32.21% capital gain.
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 $727,500.
Profits due to an upward trend in home prices there averaged 10.74% per annum over a 3-year period.
Home owners selling their properties and realtors in CHIRNSIDE PARK usually have to wait an average of 40.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.22% increase in returns based on the current median price in CHIRNSIDE PARK.
CHIRNSIDE PARK, 3116 places 486th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $727,500 | $540,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.99% | -5.51% |
| Median 12 month | -2.99% | -4.45% |
| Median 3 years | 32.21% | 31.07% |
| Median 5 years | 58.15% | 33.14% |
| 10 years average annual | 6.95% | 10.24% |
| Weekly media advert. rent | $450 | $460 |
| Time on Market | 40.6 days | 67.0 days |
| Gross Rental Yield Percent | 3.22% | 4.43% |
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