Property investments in MOSMAN fare well against the rest of the country last year, registering a median home price increase of -1.35%.
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 MOSMAN, 2088 saw average growth in the long term.
Real estate investors could earn a rental income of $1600 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 68.5 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 $3,650,000.
MOSMAN ranks 1081st on the list of best yielding suburbs for rental properties in NSW, posting a 2.28% return.
Profits due to an upward trend in home prices in MOSMAN, 2088 averaged 13.13% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.93% increase in returns based on the current median price in MOSMAN.
An average of 32.5 real estate transactions take place per month in MOSMAN which translates to 390 per annum.
390 properties were sold in MOSMAN during the past year, making it the 176th most active market in NSW based on total real estate transactions.
MOSMAN, 2088 places 344th in Australia based on median property value growth during the quarter.
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