Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $776,000.
The upward trend in home prices in EDGEWORTH, 2285 averaged 9.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 4.36% increase in returns based on the current median price in EDGEWORTH.
An average of 15.08 real estate transactions take place per month in EDGEWORTH which translates to 181 per annum.
181 properties were sold in EDGEWORTH in 2016, making it the 980th most active market in NSW based on total real estate transactions.
EDGEWORTH, 2285 places 420th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $585,000.
Average median unit prices in NSW have risen as a whole, pulling EDGEWORTH, 2285 values up and netting property investors a capital gain of 7.34% for the past year.
Investors saw the median home price rise to $585,000.
The downward trend in home prices in EDGEWORTH, 2285 averaged -0.03% per annum over a 3-year period.
EDGEWORTH now ranks at the th 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 EDGEWORTH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $595 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 EDGEWORTH, homes and units usually stay on listing for an average of N/A.
10 properties were sold in EDGEWORTH in 2016, making it the 639th most active market in NSW based on total real estate transactions.