Property investors have seen a 4.08% gain in ROCKDALE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ROCKDALE, 2216 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 11.31%.
Based on its average 5-year and quarterly capital gains ROCKDALE, 2216 saw average growth in the long term.
The NSW 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 $1,363,500
Profits averaged 12.95% per annum over a 3-year period, due to an upward trend in home prices in ROCKDALE, 2216.
This means, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.
The gross rental yield in ROCKDALE, 2216 is 2.4%.
An average of 3.67 real estate transactions take place per month in ROCKDALE which translates to 44 per annum.
Property investments in ROCKDALE fare well against the rest of the country last year, registering a median home price increase of 2.48%.
Figures from the previous quarter show that capital gains for real estate buyers in ROCKDALE are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $520 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 ROCKDALE, homes and units usually stay on listing for an average of 62.8 days.
the NSW 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 $662,000
Investors saw the median home price rise to $662,000.
ROCKDALE ranks 257th on the list of best yielding suburbs for rental properties in NSW, posting a 4.08% return.
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