GYMEA, 2227 ranks 1324th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.61% for property investors.
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 $1,292,500.
The upward trend in home prices in GYMEA, 2227 averaged 13.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.62% increase in returns based on the current median price in GYMEA.
An average of 5.17 real estate transactions take place per month in GYMEA which translates to 62 per annum.
62 properties were sold in GYMEA in 2016, making it the 27th most active market in NSW based on total real estate transactions.
GYMEA, 2227 places 578th in Australia based on median property value growth during the quarter.
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 $790,000.
Average median unit prices in NSW have risen as a whole, pulling GYMEA, 2227 values up and netting property investors a capital gain of 9.72% for the past year.
Investors saw the median home price rise to $790,000.
The upward trend in home prices in GYMEA, 2227 averaged 8.78% per annum over a 3-year period.
GYMEA now ranks at the 399th 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 GYMEA are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $500 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 GYMEA, homes and units usually stay on listing for an average of 40.4 days.
140 properties were sold in GYMEA in 2016, making it the 483rd most active market in NSW based on total real estate transactions.
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