SILVERWATER, 2128 in NSW belongs to the local government area of Auburn.
With the median home price in SILVERWATER sitting at $1,065,000, and the average rent at $480, property owners could potentially earn a 2.34% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SILVERWATER are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in SILVERWATER, 2128 translates to a 19.25% capital gain.
Property investors enjoyed capital gains of 4.59% over the last 12 months in SILVERWATER, translating to lower returns compared with its peers in NSW.
SILVERWATER, 2128 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 $638,000.
Profits due to an upward trend in home prices in SILVERWATER, 2128 averaged 6.42% per annum over a 3-year period.
Home owners selling their properties and realtors in SILVERWATER usually have to wait an average of 61.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $475 mark, reflecting a 3.87% increase in returns based on the current median price in SILVERWATER.
SILVERWATER, 2128 places 307th in Australia based on median property value growth during the quarter.
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