‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
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 $860,797
Profits averaged 17.9% per annum over a 3-year period, due to an upward trend in home prices in KOOLEWONG, 2256.
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in KOOLEWONG, 2256 is 2.72%.
An average of 1.5 real estate transactions take place per month in KOOLEWONG which translates to 18 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $860,797 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 4.72% | N/A |
| Median 3 years | 53.71% | N/A |
| Median 5 years | 122.86% | N/A |
| 10 years average annual | 6.69% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 61.8 days | N/A |
| Gross Rental Yield Percent | 2.72% | N/A |
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