A steady increase in median property prices over a five-year period in the suburb translates to a 38.27% capital gain.
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 $1,690,000.
Profits due to an upward trend in home prices there averaged 12.76% per annum over a 3-year period.
Home owners selling their properties and realtors in NORTH STRATHFIELD usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $650 mark, reflecting a 2% increase in returns based on the current median price in NORTH STRATHFIELD.
NORTH STRATHFIELD, 2137 places 1240th in Australia based on median property value growth during the quarter.
Property investors in NORTH STRATHFIELD enjoyed capital gains of 4.58% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH STRATHFIELD are low, as opposed to average gains per annum over the past five years.
NORTH STRATHFIELD posted a 22.14% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $570 mark, reflecting a 3.71% increase in returns based on the current median price in NORTH STRATHFIELD.
NORTH STRATHFIELD, 2137 ranks 276th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
NORTH STRATHFIELD ranks 381st on the list of best yielding suburbs for rental properties in NSW, posting a 3.71% return.
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