Property investments in LANE COVE WEST fare well against the rest of the country last year, registering a median home price increase of 8.22%.
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 LANE COVE WEST, 2066 saw average growth in the long term.
Real estate investors could earn a rental income of $1090 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 64.4 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 $2,140,000.
LANE COVE WEST ranks 965th on the list of best yielding suburbs for rental properties in NSW, posting a 2.65% return.
Profits due to an upward trend in home prices in LANE COVE WEST, 2066 averaged 6.58% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in LANE COVE WEST.
An average of 1 real estate transactions take place per month in LANE COVE WEST which translates to 12 per annum.
12 properties were sold in LANE COVE WEST during the past year, making it the 558th most active market in NSW based on total real estate transactions.
LANE COVE WEST, 2066 places 287th in Australia based on median property value growth during the quarter.
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