Property News You Need To Know: The Week Ending 19 September
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Property investors have seen a 6.6% gain in WAMBERAL based on an increase 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 33.25%.
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 $1,332,500
Profits averaged 5.63% 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 $650 based on current median home prices for the suburb.
The gross rental yield in WAMBERAL, 2260 is 2.54%.
An average of 14.58 real estate transactions take place per month in WAMBERAL which translates to 175 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||33.25%||13.33%|
|Median 3 years||16.89%||18.06%|
|Median 5 years||60.3%||39.34%|
|10 years average annual||10.14%||5.74%|
|Weekly media advert. rent||$650||$440|
|Time on Market||54.8 days||26.5 days|
|Gross Rental Yield Percent||2.54%||2.69%|