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 $1,100,000.
The upward trend in home prices in WARNERS BAY, 2282 averaged 4.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $685 mark, reflecting a 3.24% increase in returns based on the current median price in WARNERS BAY.
An average of 8.67 real estate transactions take place per month in WARNERS BAY which translates to 104 per annum.
104 properties were sold in WARNERS BAY in 2016, making it the 1419th most active market in NSW based on total real estate transactions.
WARNERS BAY, 2282 places 674th in Australia based on median property value growth during the quarter.
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 $805,000.
Average median unit prices in NSW have risen as a whole, pulling WARNERS BAY, 2282 values up and netting property investors a capital gain of 6.62% for the past year.
Investors saw the median home price rise to $805,000.
The upward trend in home prices in WARNERS BAY, 2282 averaged 6.42% per annum over a 3-year period.
WARNERS BAY now ranks at the 363rd 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 WARNERS BAY are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $670 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WARNERS BAY, homes and units usually stay on listing for an average of 55.6 days.
76 properties were sold in WARNERS BAY in 2016, making it the 60th most active market in NSW based on total real estate transactions.