KILLCARE, 2257 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 $925,000.
Profits due to an upward trend in home prices in the suburb averaged 0.36% per annum over a 3-year period.
KILLCARE now ranks at the 109th place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $595 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 KILLCARE, homes and units usually stay on listing for an average of 125.1 days.
In 2016, 25 properties were sold in KILLCARE during the past year, making it the 779th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $925,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -7.5% | N/A |
| Median 12 month | -2.63% | N/A |
| Median 3 years | 1.09% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 3.32% | N/A |
| Weekly media advert. rent | $595 | N/A |
| Time on Market | 125.1 days | N/A |
| Gross Rental Yield Percent | 3.34% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...