A steady increase in median property prices over a five-year period in the suburb translates to a 32.22% capital gain.
It 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 $1,580,000
The augmented property values in the suburb are trailing behind the territorial average of 6.63% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $667.5.
Home owners selling their properties and realtors in CASTLE HILL usually have to wait an average of 52.7 days days before their assets are lifted off the market.
The NSW suburb ranks 1103rd on the list of best yielding suburbs for rental properties in NSW, posting a 2.2% return.
It also places places 1033rd in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 2.79% over the last 12 months in CASTLE HILL, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that CASTLE HILL, 2154 obtained a 7.44% growth over a ten-year period. It ranks 242nd on our list of suburbs that property investors should look into.
CASTLE HILL, 2154 has a capital gain of 2.79% for the past year, which is lower than average compared to its 61.19% growth within a five-year period.
With the median home price in CASTLE HILL sitting at $878,500, and the average rent at $570, property owners could potentially earn a 3.37% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CASTLE HILL are low, as opposed to average gains per annum over the past five years.
CASTLE HILL, 2154 in NSW belongs to the local government area of The Hills Shire.