Hurstville Property Factsheet 1st Half 2017
Hurstville proves to be a premium market in comparison to the wider Georges River Council LGA, with continuous positive growth. In Q2 2017 Hurstville recorded a median price of $1,625,000 for houses and $780,000 for units, representing an annual price change of 9.2% and 11.7% respectively.
Hurstville proves to be a premium market in comparison to the wider Georges River Council LGA, with continuous positive growth. In Q2 2017 Hurstville recorded a median price of $1,625,000 for houses and $780,000 for units, representing an annual price change of 9.2% and 11.7% respectively.
Investors will do well in Hurstville, with median rental prices for both houses and units positively growing over the past 12 months to Q2 2017; significantly at 9.2% for houses and slightly at 1.0% for units. Hurstville has an extremely low vacancy rates, 1.0% in June 2017, which when compared to Sydney’s 1.8% demonstrate a stronger rental demand. Astute investors are currently benefiting from this, with rental yields of 2.5% for houses and 3.6% for units.
Hurstville’s future development, for projects due to commence in 2017, shows a balanced portfolio of mixed-use projects ($40.7M), commercial ($21.6M), and infrastructure ($2.8M). Key projects include the Forest Rd Mixed Developments, which will add approximately 57 units to the market, and the Crofts Avenue Commercial Building, which will add 10 retail and 6 commercial spaces to the local market.
