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 $1,682,500.
The upward trend in home prices in SUTHERLAND, 2232 averaged 4.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $1050 mark, reflecting a 3.25% increase in returns based on the current median price in SUTHERLAND.
An average of 3.67 real estate transactions take place per month in SUTHERLAND which translates to 44 per annum.
44 properties were sold in SUTHERLAND in 2016, making it the 465th most active market in NSW based on total real estate transactions.
SUTHERLAND, 2232 places 1023rd 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 $870,000.
Average median unit prices in NSW have risen as a whole, pulling SUTHERLAND, 2232 values up and netting property investors a capital gain of 10.69% for the past year.
Investors saw the median home price rise to $870,000.
The upward trend in home prices in SUTHERLAND, 2232 averaged 7.45% per annum over a 3-year period.
SUTHERLAND now ranks at the 200th 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 SUTHERLAND are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $690 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 SUTHERLAND, homes and units usually stay on listing for an average of 28.1 days.
306 properties were sold in SUTHERLAND in 2016, making it the 262nd most active market in NSW based on total real estate transactions.