Property investors who have had real estate in Homebush, 2140 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 23.43%
Homebush,2140 was ranked 40 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Using the current median advertised rental of $620 and the average annual increase in value of a median property of 13.00%, investors should hope to achieve an overall return of 1.49%
NSW has seen average median house prices change by 2.36% which means that Homebush, 2140 has done well for property investors by showing a capital gain of 0.00% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Homebush has increased when compared to the 5 year average annual rate.
Property buyers and investors in Homebush 2140 should be seeing an average reduction in asking price of around -3.60% . This means that Homebush is holding prices well when compared to other suburbs in NSW.
In the last year 273 properties changed hands in Homebush, which puts it as the 22th most active market in NSW when comparing the number of sales per suburb.
Homebush, 2140’s gross rental yield is 4.00%