Property investments in BIRCHGROVE fare well against the rest of the country last year, registering a median home price increase of -6.22%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains BIRCHGROVE, 2041 saw average growth in the long term.
Real estate investors could earn a rental income of $912.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 30.6 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $2,016,250.
BIRCHGROVE ranks 1058th on the list of best yielding suburbs for rental properties in NSW, posting a 2.35% return.
BIRCHGROVE, 2041 ranks 146th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.78% for property investors last year.
Profits due to an upward trend in home prices in BIRCHGROVE, 2041 averaged 19.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $630 mark, reflecting a 1.93% increase in returns based on the current median price in BIRCHGROVE.
An average of 1.25 real estate transactions take place per month in BIRCHGROVE which translates to 15 per annum.
15 properties were sold in BIRCHGROVE during the past year, making it the 456th most active market in NSW based on total real estate transactions.
BIRCHGROVE, 2041 places 7th in Australia based on median property value growth during the quarter.
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