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Property investors enjoyed capital gains of 59.01% over the last 12 months in WHITEBRIDGE, 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 11.96% growth over a ten-year period. It ranks 3791st on our list of suburbs that property investors should look into.
WHITEBRIDGE, 2290 has a capital gain of 59.01% for the past year, which is higher than average compared to its 106.98% growth within a five-year period.
With the median home price in WHITEBRIDGE sitting at $1,200,500, and the average rent at $505, property owners could potentially earn a 2.19% increase in gross rental yield.
A 59.01% increase in median property prices in WHITEBRIDGE, 2290 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 34th.
Figures from the previous quarter show that capital gains for real estate buyers in WHITEBRIDGE are low, as opposed to average gains per annum over the past five years.
WHITEBRIDGE, 2290 in NSW belongs to the local government area of Lake Macquarie (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||59.01%||2.22%|
|Median 3 years||53.91%||N/A|
|Median 5 years||106.98%||N/A|
|10 years average annual||11.96%||0.85%|
|Weekly media advert. rent||$505||$550|
|Time on Market||47.8 days||35.7 days|
|Gross Rental Yield Percent||2.19%||4%|