Property investments in NAREMBURN fare well against the rest of the country last year, registering a median home price increase of 15.48%.
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 NAREMBURN, 2065 saw average growth in the long term.
Real estate investors could earn a rental income of $1100 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 64.5 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 $2,425,000.
NAREMBURN ranks 1057th on the list of best yielding suburbs for rental properties in NSW, posting a 2.36% return.
NAREMBURN, 2065 ranks 360th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.31% for property investors last year.
Profits due to an upward trend in home prices in NAREMBURN, 2065 averaged 11.95% per annum over a 3-year period.
Average weekly rents on listings have reached the $675 mark, reflecting a 3.21% increase in returns based on the current median price in NAREMBURN.
An average of 6.25 real estate transactions take place per month in NAREMBURN which translates to 75 per annum.
75 properties were sold in NAREMBURN during the past year, making it the 60th most active market in NSW based on total real estate transactions.
NAREMBURN, 2065 places 301st in Australia based on median property value growth during the quarter.
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