Property investments in TENAMBIT fare well against the rest of the country last year, registering a median home price increase of 1.3%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains TENAMBIT, 2323 saw average growth in the long term.
Real estate investors could earn a rental income of $370 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 58.9 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 $390,000.
TENAMBIT ranks 162nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.93% return.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in TENAMBIT.
An average of 1.17 real estate transactions take place per month in TENAMBIT which translates to 14 per annum.
14 properties were sold in TENAMBIT during the past year, making it the 485th most active market in NSW based on total real estate transactions.
TENAMBIT, 2323 places 29th in Australia based on median property value growth during the quarter.
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