Based on its average 5-year and quarterly capital gains HURSTVILLE, 2220 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that HURSTVILLE, 2220 obtained a 9.92% growth over a ten-year period. It ranks 10th on our list of suburbs that property investors should look into.
HURSTVILLE, 2220 in NSW belongs to the local government area of Hurstville.
HURSTVILLE, 2220 has a capital gain of 1.13% for the past year, which is lower than average compared to its 73.71% growth within a five-year period.
With the median home price in HURSTVILLE sitting at $1,520,000, and the average rent at $600, property owners could potentially earn a 2.05% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in HURSTVILLE are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in HURSTVILLE, 2220 translates to a 14.29% capital gain.
HURSTVILLE, 2220 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 $720,000.
Profits due to an upward trend in home prices in HURSTVILLE, 2220 averaged 4.76% per annum over a 3-year period.
Home owners selling their properties and realtors in HURSTVILLE usually have to wait an average of 67.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $530 mark, reflecting a 3.83% increase in returns based on the current median price in HURSTVILLE.
HURSTVILLE, 2220 places 329th in Australia based on median property value growth during the quarter.