THE HILL, 2300 ranks 2970th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $2,120,000.
The downward trend in home prices in THE HILL, 2300 averaged -1.93% per annum over a 3-year period.
Average weekly rents on listings have reached the $800 mark, reflecting a 1.96% increase in returns based on the current median price in THE HILL.
An average of 1.75 real estate transactions take place per month in THE HILL which translates to 21 per annum.
21 properties were sold in THE HILL in 2016, making it the 882nd most active market in NSW based on total real estate transactions.
THE HILL, 2300 places 987th in Australia based on median property value growth during the quarter.
The 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 $815,000.
Average median unit prices in NSW have risen as a whole, pulling THE HILL, 2300 values up and netting property investors a capital gain of 24.9% for the past year.
Investors saw the median home price rise to $815,000.
The upward trend in home prices in THE HILL, 2300 averaged 12.02% per annum over a 3-year period.
THE HILL now ranks at the 40th 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 THE HILL are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $600 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 THE HILL, homes and units usually stay on listing for an average of 23.3 days.
53 properties were sold in THE HILL in 2016, making it the 128th most active market in NSW based on total real estate transactions.