EDGECLIFF, 2027 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 $1,715,000.
EDGECLIFF now ranks at the 1223rd 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 EDGECLIFF 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 $1100 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 EDGECLIFF, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 14 properties were sold in EDGECLIFF during the past year, making it the 1163rd most active market in NSW based on total real estate transactions.
EDGECLIFF ranks 351st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
EDGECLIFF, 2027 has a capital gain of -10.06% for the past year, which is lower than average compared to its 67.22% growth within a five-year period.
With the median home price in EDGECLIFF sitting at $1,012,500, and the average rent at $650, property owners could potentially earn a 3.34% increase in gross rental yield.
Property investors have seen a -5.95% drop in EDGECLIFF 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 EDGECLIFF, 2027 obtained a 8.61% growth over a ten-year period. It ranks 84th on our list of suburbs that property investors should look into.