WILEY PARK, 2195 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling WILEY PARK, 2195 values up and netting property investors a capital gain of 8.57% for the past year.
Investors saw the median home price rise to $950,000.
Profits due to an upward trend in home prices in the suburb averaged 8.06% per annum over a 3-year period.
WILEY PARK now ranks at the 915th 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 WILEY PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $580 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WILEY PARK, homes and units usually stay on listing for an average of 93.9 days.
In 2016, 32 properties were sold in WILEY PARK during the past year, making it the 642nd most active market in NSW based on total real estate transactions.
WILEY PARK ranks 451st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
WILEY PARK, 2195 has a capital gain of 4.62% for the past year, which is lower than average compared to its 56.36% growth within a five-year period.
With the median home price in WILEY PARK sitting at $430,000, and the average rent at $380, property owners could potentially earn a 4.6% increase in gross rental yield.
Property investors have seen a 0% gain in WILEY PARK based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that WILEY PARK, 2195 obtained a 8.5% growth over a ten-year period. It ranks 99th on our list of suburbs that property investors should look into.