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 $801,000.
The upward trend in home prices in CASULA, 2170 averaged 14.35% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.25% increase in returns based on the current median price in CASULA.
An average of 14.25 real estate transactions take place per month in CASULA which translates to 171 per annum.
171 properties were sold in CASULA in 2016, making it the 1016th most active market in NSW based on total real estate transactions.
CASULA, 2170 places 1000th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.8%||9.1%|
|Median 3 years||43.04%||41.59%|
|Median 5 years||75.66%||71.43%|
|10 years average annual||7.96%||7.07%|
|Weekly media advert. rent||$500||$460|
|Time on Market||63.0 days||38.0 days|
|Gross Rental Yield Percent||3.25%||3.99%|