Property investors enjoyed capital gains of 35.93% over the last 12 months in GARDEN SUBURB, 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 9.89% growth over a ten-year period. It ranks 13th on our list of suburbs that property investors should look into.
GARDEN SUBURB, 2289 has a capital gain of 35.93% for the past year, which is higher than average compared to its 59.02% growth within a five-year period.
With the median home price in GARDEN SUBURB sitting at $771,250, and the average rent at $505, property owners could potentially earn a 3.4% increase in gross rental yield.
A 35.93% increase in median property prices in GARDEN SUBURB, 2289 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 18th.
Figures from the previous quarter show that capital gains for real estate buyers in GARDEN SUBURB are low, as opposed to average gains per annum over the past five years.
GARDEN SUBURB, 2289 in NSW belongs to the local government area of Lake Macquarie.