Avalon

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 $1,205,000.

Average median unit prices in NSW have risen as a whole, pulling AVALON, 2107 values up and netting property investors a capital gain of 46.5% for the past year.

Investors saw the median home price rise to $1,205,000.

The upward trend in home prices in AVALON, 2107 averaged 14.77% per annum over a 3-year period.

AVALON now ranks at the 33rd 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 AVALON are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $575 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 AVALON, homes and units usually stay on listing for an average of 68.0 days.

52 properties were sold in AVALON in 2016, making it the 113th most active market in NSW based on total real estate transactions.