THE ENTRANCE NORTH, 2261 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 $770,000.
Profits due to an upward trend in home prices in the suburb averaged 11.91% per annum over a 3-year period.
THE ENTRANCE NORTH now ranks at the 1038th 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 THE ENTRANCE NORTH are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $500 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 THE ENTRANCE NORTH, homes and units usually stay on listing for an average of 61.6 days.
In 2016, 25 properties were sold in THE ENTRANCE NORTH during the past year, making it the 773rd most active market in NSW based on total real estate transactions.
THE ENTRANCE NORTH ranks 136th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
THE ENTRANCE NORTH, 2261 has a capital gain of 8.8% for the past year, which is lower than average compared to its 55.89% growth within a five-year period.
With the median home price in THE ENTRANCE NORTH sitting at $470,000, and the average rent at $380, property owners could potentially earn a 4.2% increase in gross rental yield.
Property investors have seen a -1.57% drop in THE ENTRANCE NORTH based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that THE ENTRANCE NORTH, 2261 obtained a 1.27% growth over a ten-year period. It ranks 1421st on our list of suburbs that property investors should look into.