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MALLABULA, 2319 ranks 901st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 31.87% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $600,000.
The upward trend in home prices in MALLABULA, 2319 averaged 17.3% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 4.16% increase in returns based on the current median price in MALLABULA.
An average of 1.58 real estate transactions take place per month in MALLABULA which translates to 19 per annum.
19 properties were sold in MALLABULA in 2016, making it the 1010th most active market in NSW based on total real estate transactions.
MALLABULA, 2319 places 29th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||31.87%||N/A|
|Median 3 years||51.9%||N/A|
|Median 5 years||63.04%||N/A|
|10 years average annual||7.87%||N/A|
|Weekly media advert. rent||$480||N/A|
|Time on Market||28.6 days||N/A|
|Gross Rental Yield Percent||4.16%||N/A|