CABARITA, 2137 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling CABARITA, 2137 values up and netting property investors a capital gain of 16.28% for the past year.
Investors saw the median home price rise to $2,907,500.
Profits due to an upward trend in home prices in the suburb averaged 13.04% per annum over a 3-year period.
CABARITA now ranks at the 1114th 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 CABARITA 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 $1150 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 CABARITA, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 15 properties were sold in CABARITA during the past year, making it the 1091st most active market in NSW based on total real estate transactions.
CABARITA ranks 25th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
CABARITA, 2137 has a capital gain of 43.12% for the past year, which is higher than average compared to its 136.36% growth within a five-year period.
CABARITA, 2137 ranks 5th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 43.12% for property investors last year.
Property investors have seen a 8.48% gain in CABARITA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CABARITA, 2137 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 43.12%.
A survey of average capital gains or median home price increase in suburbs across the country shows that CABARITA, 2137 obtained a 9.42% growth over a ten-year period. It ranks 25th on our list of suburbs that property investors should look into.