BEECROFT, 2119 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 $1,700,000.
Profits due to an upward trend in home prices in the suburb averaged 7.29% per annum over a 3-year period.
BEECROFT now ranks at the 1219th 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 BEECROFT are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $690 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BEECROFT, homes and units usually stay on listing for an average of 66.3 days.
In 2016, 101 properties were sold in BEECROFT during the past year, making it the 1435th most active market in NSW based on total real estate transactions.
BEECROFT ranks 222nd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
BEECROFT, 2119 has a capital gain of 6.98% for the past year, which is lower than average compared to its 103.88% growth within a five-year period.
With the median home price in BEECROFT sitting at $1,050,000, and the average rent at $600, property owners could potentially earn a 2.97% increase in gross rental yield.
Property investors have seen a 1.35% gain in BEECROFT based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that BEECROFT, 2119 obtained a 13.77% growth over a ten-year period. It ranks 1216th on our list of suburbs that property investors should look into.