Property investors enjoyed capital gains of 14.39% over the last 12 months in GOROKAN, 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 the NSW suburb obtained a 7.19% growth over a ten-year period. It ranks 837th on our list of suburbs that property investors should look into.
GOROKAN, 2263 has a capital gain of 14.39% for the past year, which is lower than average compared to its 79.6% growth within a five-year period.
With the median home price in GOROKAN sitting at $471,000, and the average rent at $370, property owners could potentially earn a 4.08% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GOROKAN are low, as opposed to average gains per annum over the past five years.
GOROKAN, 2263 in NSW belongs to the local government area of Wyong.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.39%||10.45%|
|Median 3 years||47.19%||54.17%|
|Median 5 years||79.6%||73.3%|
|10 years average annual||7.19%||6.8%|
|Weekly media advert. rent||$370||$330|
|Time on Market||40.4 days||42.9 days|
|Gross Rental Yield Percent||4.08%||4.64%|