City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
SARATOGA, 2251 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 SARATOGA, 2251 values up and netting property investors a capital gain of 20.45% for the past year.
Investors saw the median home price rise to $927,500.
Profits due to an upward trend in home prices in the suburb averaged 8.73% per annum over a 3-year period.
SARATOGA now ranks at the 83rd 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 SARATOGA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $520 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 SARATOGA, homes and units usually stay on listing for an average of 47.5 days.
In 2016, 87 properties were sold in SARATOGA during the past year, making it the 71st most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.45%||N/A|
|Median 3 years||26.19%||N/A|
|Median 5 years||55.88%||N/A|
|10 years average annual||8.54%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||47.5 days||N/A|
|Gross Rental Yield Percent||2.92%||N/A|