Nyah West

POSTAL CODE: VIC, 3595

HOUSE

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 $286,250.

The upward trend in home prices in NYAH WEST, 3595 averaged 11.67% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in NYAH WEST.

An average of 1.17 real estate transactions take place per month in NYAH WEST which translates to 14 per annum.

14 properties were sold in NYAH WEST in 2016, making it the 604th most active market in VIC based on total real estate transactions.

NYAH WEST, 3595 places 15th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$286,250	N/A
Growth Report
Median Quarterly	12.81%	N/A
Median 12 month	0%	N/A
Median 3 years	35.02%	N/A
Median 5 years	130.85%	N/A
10 years average annual	16.33%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	N/A	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 663

Weekly Household Income 761

Household Size 2.20

Average Age 49

Monthly Loan Repayment 650

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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