Property investors enjoyed capital gains of 18.5% over the last 12 months in RANKIN PARK, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.48% growth over a ten-year period. It ranks 1365th on our list of suburbs that property investors should look into.
RANKIN PARK, 2287 has a capital gain of 18.5% for the past year, which is higher than average compared to its 50.5% growth within a five-year period.
With the median home price in RANKIN PARK sitting at $599,000, and the average rent at $450, property owners could potentially earn a 3.91% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RANKIN PARK are low, as opposed to average gains per annum over the past five years.
RANKIN PARK, 2287 in NSW belongs to the local government area of Lake Macquarie.