Property investments in NEUTRAL BAY fare well against the rest of the country last year, registering a median home price increase of 0%.
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 NEUTRAL BAY, 2089 saw average growth in the long term.
Real estate investors could earn a rental income of $1175 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 38.6 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 $2,200,000.
NEUTRAL BAY ranks 908th on the list of best yielding suburbs for rental properties in NSW, posting a 2.78% return.
NEUTRAL BAY, 2089 ranks 145th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.79% for property investors last year.
Profits due to an upward trend in home prices in NEUTRAL BAY, 2089 averaged 12.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.9% increase in returns based on the current median price in NEUTRAL BAY.
An average of 21.75 real estate transactions take place per month in NEUTRAL BAY which translates to 261 per annum.
261 properties were sold in NEUTRAL BAY during the past year, making it the 282nd most active market in NSW based on total real estate transactions.
NEUTRAL BAY, 2089 places 92nd in Australia based on median property value growth during the quarter.
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