A steady increase in median property prices over a five-year period in the suburb translates to a 66.19% capital gain.
It also 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 $2,015,000
The augmented property values in the suburb are trailing above the territorial average of 8.63% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $850.
Home owners selling their properties and realtors in GLEBE usually have to wait an average of 37.4 days days before their assets are lifted off the market.
The NSW suburb ranks 1097th on the list of best yielding suburbs for rental properties in NSW, posting a 2.19% return.
It also places places 358th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 19.91% over the last 12 months in GLEBE, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that GLEBE, 2037 obtained a 8.92% growth over a ten-year period. It ranks 56th on our list of suburbs that property investors should look into.
GLEBE, 2037 has a capital gain of 19.91% for the past year, which is higher than average compared to its 79.13% growth within a five-year period.
With the median home price in GLEBE sitting at $1,030,000, and the average rent at $570, property owners could potentially earn a 2.88% increase in gross rental yield.
A 19.91% increase in median property prices in GLEBE, 2037 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 52nd.
Figures from the previous quarter show that capital gains for real estate buyers in GLEBE are low, as opposed to average gains per annum over the past five years.
GLEBE, 2037 in NSW belongs to the local government area of Sydney.