Based on its average 5-year and quarterly capital gains RANDWICK, 2031 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that RANDWICK, 2031 obtained a 6.86% growth over a ten-year period. It ranks 1007th on our list of suburbs that property investors should look into.
RANDWICK, 2031 in NSW belongs to the local government area of Randwick.
RANDWICK, 2031 has a capital gain of 4.85% for the past year, which is lower than average compared to its 66.5% growth within a five-year period.
With the median home price in RANDWICK sitting at $2,485,000, and the average rent at $1200, property owners could potentially earn a 2.51% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RANDWICK are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in RANDWICK, 2031 translates to a 29.58% capital gain.
Property investors enjoyed capital gains of 6.11% over the last 12 months in RANDWICK, translating to lower returns compared with its peers in NSW.
RANDWICK, 2031 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 $955,000.
Profits due to an upward trend in home prices in RANDWICK, 2031 averaged 9.86% per annum over a 3-year period.
Home owners selling their properties and realtors in RANDWICK usually have to wait an average of 45.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $650 mark, reflecting a 3.54% increase in returns based on the current median price in RANDWICK.
RANDWICK, 2031 places 307th in Australia based on median property value growth during the quarter.