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...
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 $1,225,000.
The upward trend in home prices in HIGHETT, 3190 averaged 9.2% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 2.33% increase in returns based on the current median price in HIGHETT.
An average of 9.67 real estate transactions take place per month in HIGHETT which translates to 116 per annum.
116 properties were sold in HIGHETT in 2016, making it the 688th most active market in VIC based on total real estate transactions.
HIGHETT, 3190 places 574th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,225,000 | $590,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.77% | -1.83% |
| Median 12 month | -5.95% | -1.67% |
| Median 3 years | 27.6% | -0.84% |
| Median 5 years | 65.88% | 13.46% |
| 10 years average annual | 7.5% | 3.74% |
| Weekly media advert. rent | $550 | $450 |
| Time on Market | 45.1 days | 59.9 days |
| Gross Rental Yield Percent | 2.33% | 3.97% |
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