Property investors have seen a 16.06% gain in ENFIELD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ENFIELD, 2136 saw average growth in the long term.
The NSW 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 $1,515,750
Profits averaged 17.14% per annum over a 3-year period, due to an upward trend in home prices in ENFIELD, 2136.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in ENFIELD, 2136 is 1.92%.
An average of 1.17 real estate transactions take place per month in ENFIELD which translates to 14 per annum.
Property investments in ENFIELD fare well against the rest of the country last year, registering a median home price increase of 6.92%.
Figures from the previous quarter show that capital gains for real estate buyers in ENFIELD are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $500 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 ENFIELD, homes and units usually stay on listing for an average of 84.9 days.
the NSW 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 $695,000
Investors saw the median home price rise to $695,000.
ENFIELD ranks 365th on the list of best yielding suburbs for rental properties in NSW, posting a 3.74% return.
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