Based on its average 5-year and quarterly capital gains MCMAHONS POINT, 2060 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 MCMAHONS POINT, 2060 obtained a 14.23% growth over a ten-year period. It ranks 3009th on our list of suburbs that property investors should look into.
MCMAHONS POINT, 2060 in NSW belongs to the local government area of North Sydney.
MCMAHONS POINT, 2060 has a capital gain of 18.05% for the past year, which is lower than average compared to its 142.37% growth within a five-year period.
With the median home price in MCMAHONS POINT sitting at $3,575,000, and the average rent at $1385, property owners could potentially earn a 2.01% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MCMAHONS POINT 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 MCMAHONS POINT, 2060 translates to a 39.39% capital gain.
Property investors enjoyed capital gains of 6.98% over the last 12 months in MCMAHONS POINT, translating to lower returns compared with its peers in NSW.
MCMAHONS POINT, 2060 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 $1,150,000.
Profits due to an upward trend in home prices in MCMAHONS POINT, 2060 averaged 13.13% per annum over a 3-year period.
Home owners selling their properties and realtors in MCMAHONS POINT usually have to wait an average of 38.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $622.5 mark, reflecting a 2.81% increase in returns based on the current median price in MCMAHONS POINT.
MCMAHONS POINT, 2060 places 473rd in Australia based on median property value growth during the quarter.