CASULA, 2170 ranks 2840th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.31% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $810,511.
The upward trend in home prices in CASULA, 2170 averaged 11.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.21% increase in returns based on the current median price in CASULA.
An average of 12.08 real estate transactions take place per month in CASULA which translates to 145 per annum.
145 properties were sold in CASULA in 2016, making it the 1133rd most active market in NSW based on total real estate transactions.
CASULA, 2170 places 1074th in Australia based on median property value growth during the quarter.
The 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 $620,000.
Average median unit prices in NSW have risen as a whole, pulling CASULA, 2170 values up and netting property investors a capital gain of 12.73% for the past year.
Investors saw the median home price rise to $620,000.
The upward trend in home prices in CASULA, 2170 averaged 12.59% per annum over a 3-year period.
CASULA now ranks at the 138th 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 CASULA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $480 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 CASULA, homes and units usually stay on listing for an average of 34.6 days.
77 properties were sold in CASULA in 2016, making it the 55th most active market in NSW based on total real estate transactions.
great article Cate Bakos!
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