Property investments in ABERGLASSLYN fare well against the rest of the country last year, registering a median home price increase of 1.01%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains ABERGLASSLYN, 2320 saw average growth in the long term.
Real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 62.8 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $450,000.
ABERGLASSLYN ranks 224th on the list of best yielding suburbs for rental properties in NSW, posting a 4.62% return.
Average weekly rents on listings have reached the $340 mark, reflecting a 5.18% increase in returns based on the current median price in ABERGLASSLYN.
An average of 1.25 real estate transactions take place per month in ABERGLASSLYN which translates to 15 per annum.
15 properties were sold in ABERGLASSLYN during the past year, making it the 471st most active market in NSW based on total real estate transactions.
ABERGLASSLYN, 2320 places 328th in Australia based on median property value growth during the quarter.
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