Property investments in NORTHMEAD fare well against the rest of the country last year, registering a median home price increase of 7.24%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains NORTHMEAD, 2152 saw average growth in the long term.
Real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 44.3 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $1,100,294.
NORTHMEAD ranks 1012th on the list of best yielding suburbs for rental properties in NSW, posting a 2.46% return.
Profits due to an upward trend in home prices in NORTHMEAD, 2152 averaged 4.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 3.8% increase in returns based on the current median price in NORTHMEAD.
An average of 10.08 real estate transactions take place per month in NORTHMEAD which translates to 121 per annum.
121 properties were sold in NORTHMEAD during the past year, making it the 540th most active market in NSW based on total real estate transactions.
NORTHMEAD, 2152 places 243rd in Australia based on median property value growth during the quarter.
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