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 $2,150,000.
The downward trend in home prices in THE HILL, 2300 averaged -1.12% per annum over a 3-year period.
Average weekly rents on listings have reached the $675 mark, reflecting a 1.63% increase in returns based on the current median price in THE HILL.
An average of 1.25 real estate transactions take place per month in THE HILL which translates to 15 per annum.
15 properties were sold in THE HILL in 2016, making it the 1101st most active market in NSW based on total real estate transactions.
THE HILL, 2300 places 533rd in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $723,500.
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 11.31% for the past year.
Investors saw the median home price rise to $723,500.
The upward trend in home prices in THE HILL, 2300 averaged 6.89% per annum over a 3-year period.
THE HILL now ranks at the 66th 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 high, 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 31.5 days.
50 properties were sold in THE HILL in 2016, making it the 137th most active market in NSW based on total real estate transactions.