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 $2,825,000.
The upward trend in home prices in AVALON, 2107 averaged 2.99% per annum over a 3-year period.
Average weekly rents on listings have reached the $1372.5 mark, reflecting a 2.53% increase in returns based on the current median price in AVALON.
An average of 11.75 real estate transactions take place per month in AVALON which translates to 141 per annum.
141 properties were sold in AVALON in 2016, making it the 1158th most active market in NSW based on total real estate transactions.
AVALON, 2107 places 550th 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 $1,350,000.
Average median unit prices in NSW have risen as a whole, pulling AVALON, 2107 values up and netting property investors a capital gain of 16.43% for the past year.
Investors saw the median home price rise to $1,350,000.
The upward trend in home prices in AVALON, 2107 averaged 5.46% per annum over a 3-year period.
AVALON now ranks at the 46th 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 high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $750 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 64.4 days.
50 properties were sold in AVALON in 2016, making it the 140th most active market in NSW based on total real estate transactions.