Property investors have seen a 4.86% gain in CARRINGTON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on CARRINGTON, 2294 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 25.25%.
Based on its average 5-year and quarterly capital gains CARRINGTON, 2294 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $664,000
Profits averaged 16.97% per annum over a 3-year period, due to an upward trend in home prices in CARRINGTON, 2294.
This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
The gross rental yield in CARRINGTON, 2294 is 3.45%.
An average of 3.83 real estate transactions take place per month in CARRINGTON which translates to 46 per annum.
Property investments in CARRINGTON fare well against the rest of the country last year, registering a median home price increase of 5.66%.
Figures from the previous quarter show that capital gains for real estate buyers in CARRINGTON are low, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $490 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 CARRINGTON, homes and units usually stay on listing for an average of 53.5 days.
the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $625,500
Investors saw the median home price rise to $625,500.
CARRINGTON ranks 260th on the list of best yielding suburbs for rental properties in NSW, posting a 4.07% return.
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