Property investors enjoyed capital gains of 4.79% over the last 12 months in MONA VALE, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in MONA VALE are low, as opposed to average gains per annum over the past five years.
The suburb posted a 40% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $945 based on current median home prices for the suburb.
On average, rents on listings have reached the $945 mark, reflecting a 2.81% increase in returns based on the current median price in MONA VALE.
MONA VALE, 2103 ranks 841st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 901st on the list of best yielding suburbs for rental properties in NSW, posting a 2.81% return.
Property investors have seen a -9.91% drop in MONA VALE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MONA VALE, 2103 saw average growth in the long term.
MONA VALE, 2103 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 $955,000.
Profits due to an upward trend in home prices in MONA VALE, 2103 averaged 3.05% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $605 based on current median home prices for the suburb.
The gross rental yield in MONA VALE, 2103 is 3.29%.
An average of 8.25 real estate transactions take place per month in MONA VALE which translates to 99 per annum.
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