Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,020,000.
The upward trend in home prices in WOY WOY, 2256 averaged 1.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.06% increase in returns based on the current median price in WOY WOY.
An average of 11.75 real estate transactions take place per month in WOY WOY which translates to 141 per annum.
141 properties were sold in WOY WOY in 2016, making it the 1159th most active market in NSW based on total real estate transactions.
WOY WOY, 2256 places 593rd 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 $777,500.
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 15.19% for the past year.
Investors saw the median home price rise to $777,500.
The upward trend in home prices in WOY WOY, 2256 averaged 2.66% per annum over a 3-year period.
WOY WOY 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 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 $542.5 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 50.7 days.
80 properties were sold in WOY WOY in 2016, making it the 50th most active market in NSW based on total real estate transactions.