WOY WOY, 2256 ranks 702nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.75% 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 $700,000.
The upward trend in home prices in WOY WOY, 2256 averaged 15.79% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.34% increase in returns based on the current median price in WOY WOY.
An average of 12 real estate transactions take place per month in WOY WOY which translates to 144 per annum.
144 properties were sold in WOY WOY in 2016, making it the 1134th most active market in NSW based on total real estate transactions.
WOY WOY, 2256 places th 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 $573,500.
Average median unit prices in NSW have risen as a whole, pulling WOY WOY, 2256 values up and netting property investors a capital gain of 19.23% for the past year.
Investors saw the median home price rise to $573,500.
The upward trend in home prices in WOY WOY, 2256 averaged 15.37% per annum over a 3-year period.
WOY WOY now ranks at the 103rd 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 WOY WOY are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $410 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 WOY WOY, homes and units usually stay on listing for an average of 88.0 days.
95 properties were sold in WOY WOY in 2016, making it the 10th most active market in NSW based on total real estate transactions.
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