NORAH HEAD, 2263 ranks 3rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 47.83% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,020,000.
The upward trend in home prices in NORAH HEAD, 2263 averaged 26.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 2.8% increase in returns based on the current median price in NORAH HEAD.
An average of 1.5 real estate transactions take place per month in NORAH HEAD which translates to 18 per annum.
18 properties were sold in NORAH HEAD in 2016, making it the 992nd most active market in NSW based on total real estate transactions.
NORAH HEAD, 2263 places 655th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||47.83%||N/A|
|Median 3 years||80.53%||N/A|
|Median 5 years||107.11%||N/A|
|10 years average annual||10.89%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||2.8%||N/A|