Property investors enjoyed capital gains of 7.38% over the last 12 months in WETHERILL PARK, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in WETHERILL PARK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 35.28% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $530 based on current median home prices for the suburb.
On average, rents on listings have reached the $530 mark, reflecting a 3.21% increase in returns based on the current median price in WETHERILL PARK.
WETHERILL PARK, 2164 ranks 655th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 730th on the list of best yielding suburbs for rental properties in NSW, posting a 3.21% return.
Property investors have seen a 2.21% gain in WETHERILL PARK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WETHERILL PARK, 2164 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.81%.
Based on its average 5-year and quarterly capital gains WETHERILL PARK, 2164 saw average growth in the long term.
WETHERILL PARK, 2164 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 $695,000.
Profits due to an upward trend in home prices in WETHERILL PARK, 2164 averaged 36.87% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
The gross rental yield in WETHERILL PARK, 2164 is 3.7%.
An average of 1.83 real estate transactions take place per month in WETHERILL PARK which translates to 22 per annum.
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