ST IVES, 2075 ranks 2411th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.4% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $2,050,000.
The upward trend in home prices in ST IVES, 2075 averaged 12.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $1080 mark, reflecting a 2.74% increase in returns based on the current median price in ST IVES.
An average of 17.25 real estate transactions take place per month in ST IVES which translates to 207 per annum.
207 properties were sold in ST IVES in 2016, making it the 569th most active market in NSW based on total real estate transactions.
ST IVES, 2075 places 787th in Australia based on median property value growth during the quarter.
The suburb 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 $1,050,000.
Average median unit prices in NSW have risen as a whole, pulling ST IVES, 2075 values up and netting property investors a capital gain of 19.73% for the past year.
Investors saw the median home price rise to $1,050,000.
The upward trend in home prices in ST IVES, 2075 averaged 14.94% per annum over a 3-year period.
ST IVES now ranks at the 42nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ST IVES are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In ST IVES, homes and units usually stay on listing for an average of 59.6 days.
136 properties were sold in ST IVES in 2016, making it the 497th most active market in NSW based on total real estate transactions.
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