Property investors have seen a -0.6% drop in WAMBERAL based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on WAMBERAL, 2260 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.91%.
Based on its average 5-year and quarterly capital gains WAMBERAL, 2260 saw average growth in the long term.
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 $986,000
Profits averaged 14.13% per annum over a 3-year period, due to an upward trend in home prices in WAMBERAL, 2260.
This means, real estate investors could earn a rental income of $575 based on current median home prices for the suburb.
The gross rental yield in WAMBERAL, 2260 is 3.03%.
An average of 9.5 real estate transactions take place per month in WAMBERAL which translates to 114 per annum.
Property investments in WAMBERAL fare well against the rest of the country last year, registering a median home price increase of 21.74%.
Figures from the previous quarter show that capital gains for real estate buyers in WAMBERAL are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $490 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 WAMBERAL, homes and units usually stay on listing for an average of 78.3 days.
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 $700,000
Investors saw the median home price rise to $700,000.
WAMBERAL ranks 393rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.64% return.
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