CONSTITUTION HILL, 2145 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 CONSTITUTION HILL, 2145 values up and netting property investors a capital gain of 4.89% for the past year.
Investors saw the median home price rise to $922,500.
Profits due to an upward trend in home prices in the suburb averaged 10.28% per annum over a 3-year period.
CONSTITUTION HILL now ranks at the 426th 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 CONSTITUTION HILL 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 $470 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 CONSTITUTION HILL, homes and units usually stay on listing for an average of 80.4 days.
In 2016, 25 properties were sold in CONSTITUTION HILL during the past year, making it the 781st most active market in NSW based on total real estate transactions.
With the median home price in CONSTITUTION HILL sitting at $647,500, and the average rent at $440, property owners could potentially earn a 3.53% increase in gross rental yield.
Property investors have seen a -1.89% drop in CONSTITUTION HILL based on a decrease in median home prices for the past three months.
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