GEORGETOWN, 2298 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling GEORGETOWN, 2298 values up and netting property investors a capital gain of 22.41% for the past year.
Investors saw the median home price rise to $650,000.
Profits due to an upward trend in home prices in the suburb averaged 13.24% per annum over a 3-year period.
GEORGETOWN now ranks at the 165th 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 GEORGETOWN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $455 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GEORGETOWN, homes and units usually stay on listing for an average of 21.6 days.
In 2016, 41 properties were sold in GEORGETOWN during the past year, making it the 493rd most active market in NSW based on total real estate transactions.
With the median home price in GEORGETOWN sitting at $355,000, and the average rent at $315, property owners could potentially earn a 4.61% increase in gross rental yield.
Property investors have seen a -10.13% drop in GEORGETOWN based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that GEORGETOWN, 2298 obtained a -19.16% decrease over a ten-year period. It ranks 1672nd on our list of suburbs that property investors should look into.