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 $930,000.
The upward trend in home prices in CARNES HILL, 2171 averaged 17.49% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 3.63% increase in returns based on the current median price in CARNES HILL.
An average of 3.17 real estate transactions take place per month in CARNES HILL which translates to 38 per annum.
38 properties were sold in CARNES HILL in 2016, making it the 537th most active market in NSW based on total real estate transactions.
CARNES HILL, 2171 places 209th in Australia based on median property value growth during the quarter.
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