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 $870,000.
The upward trend in home prices in NORAH HEAD, 2263 averaged 15% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.75% increase in returns based on the current median price in NORAH HEAD.
An average of 1 real estate transactions take place per month in NORAH HEAD which translates to 12 per annum.
12 properties were sold in NORAH HEAD in 2016, making it the 1308th most active market in NSW based on total real estate transactions.
NORAH HEAD, 2263 places 1302nd in Australia based on median property value growth during the quarter.
When an industry person not from WA...
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