EDGEWORTH, 2285 ranks 1107th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.74% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $837,000.
The upward trend in home prices in EDGEWORTH, 2285 averaged 11.2% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 4.04% increase in returns based on the current median price in EDGEWORTH.
An average of 15.33 real estate transactions take place per month in EDGEWORTH which translates to 184 per annum.
184 properties were sold in EDGEWORTH in 2016, making it the 955th most active market in NSW based on total real estate transactions.
EDGEWORTH, 2285 places 176th 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 $615,000.
Investors saw the median home price rise to $615,000.
The upward trend in home prices in EDGEWORTH, 2285 averaged 0.55% per annum over a 3-year period.
EDGEWORTH now ranks at the 121st 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 $622.5 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.
13 properties were sold in EDGEWORTH in 2016, making it the 556th most active market in NSW based on total real estate transactions.