DARLINGTON, 2008 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling DARLINGTON, 2008 values up and netting property investors a capital gain of 4.85% for the past year.
Investors saw the median home price rise to $1,892,500.
Profits due to an upward trend in home prices in the suburb averaged 3.51% per annum over a 3-year period.
DARLINGTON now ranks at the 371st place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in DARLINGTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $930 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DARLINGTON, homes and units usually stay on listing for an average of 33.9 days.
In 2016, 38 properties were sold in DARLINGTON during the past year, making it the 560th most active market in NSW based on total real estate transactions.
DARLINGTON ranks 114th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
DARLINGTON, 2008 has a capital gain of 4.17% for the past year, which is higher than average compared to its 0% growth within a five-year period.
With the median home price in DARLINGTON sitting at $1,250,000, and the average rent at $850, property owners could potentially earn a 3.54% increase in gross rental yield.
Property investors have seen a -10.71% drop in DARLINGTON based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that DARLINGTON, 2008 obtained a -3.31% decrease over a ten-year period. It ranks 1970th on our list of suburbs that property investors should look into.