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 $783,500
Profits averaged 2.69% per annum over a 3-year period, due to an upward trend in home prices in HARRIS PARK, 2150.
This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
The gross rental yield in HARRIS PARK, 2150 is 3.32%.
An average of 0.83 real estate transactions take place per month in HARRIS PARK which translates to 10 per annum.
Property investments in HARRIS PARK fare well against the rest of the country last year, registering a median home price increase of 3%.
Figures from the previous quarter show that capital gains for real estate buyers in HARRIS PARK are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains HARRIS PARK, 2150 saw average growth in the long term.
This means, real estate investors could earn a rental income of $430 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 HARRIS PARK, homes and units usually stay on listing for an average of 77.7 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 $515,000
Investors saw the median home price rise to $515,000.
HARRIS PARK ranks 180th on the list of best yielding suburbs for rental properties in NSW, posting a 4.34% return.
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