SOLDIERS POINT, 2317 ranks 1228th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.5% 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 $675,000.
The upward trend in home prices in SOLDIERS POINT, 2317 averaged 13.91% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.47% increase in returns based on the current median price in SOLDIERS POINT.
An average of 2.58 real estate transactions take place per month in SOLDIERS POINT which translates to 31 per annum.
31 properties were sold in SOLDIERS POINT in 2016, making it the 654th most active market in NSW based on total real estate transactions.
SOLDIERS POINT, 2317 places 177th 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 $535,000.
Average median unit prices in NSW have risen as a whole, pulling SOLDIERS POINT, 2317 values up and netting property investors a capital gain of 27.53% for the past year.
Investors saw the median home price rise to $535,000.
The upward trend in home prices in SOLDIERS POINT, 2317 averaged 2.69% per annum over a 3-year period.
SOLDIERS POINT now ranks at the 519th 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 SOLDIERS POINT are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $340 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 SOLDIERS POINT, homes and units usually stay on listing for an average of 108.5 days.
39 properties were sold in SOLDIERS POINT in 2016, making it the 184th most active market in NSW based on total real estate transactions.
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