A 36.45% increase in median property prices in MAGENTA, 2261 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 28th.
A steady increase in median property prices over a five-year period in the suburb translates to a 50.5% capital gain.
It 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 $1,132,500
The augmented property values in the suburb are trailing above the territorial average of 9.88% in 2016.
Home owners selling their properties and realtors in MAGENTA usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The NSW suburb ranks 1456th on the list of best yielding suburbs for rental properties in NSW, posting a 0% return.
Property investors enjoyed capital gains of 0.95% over the last 12 months in MAGENTA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that MAGENTA, 2261 obtained a 0.64% growth over a ten-year period. It ranks 1580th on our list of suburbs that property investors should look into.
With the median home price in MAGENTA sitting at $530,000, and the average rent at $480, property owners could potentially earn a 4.71% increase in gross rental yield.
MAGENTA, 2261 in NSW belongs to the local government area of Wyong.