ABERDARE, 2325 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NSW have risen as a whole, pulling ABERDARE, 2325 values up and netting property investors a capital gain of 21.43% for the past year.
Investors saw the median home price rise to $340,000.
Profits due to an upward trend in home prices in the suburb averaged 12.93% per annum over a 3-year period.
ABERDARE now ranks at the 331st 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 ABERDARE are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $320 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ABERDARE, homes and units usually stay on listing for an average of 59.5 days.
In 2016, 54 properties were sold in ABERDARE during the past year, making it the 328th most active market in NSW based on total real estate transactions.
ABERDARE, 2325 has a capital gain of 8% for the past year, which is higher than average compared to its 11.11% growth within a five-year period.
With the median home price in ABERDARE sitting at $270,000, and the average rent at $290, property owners could potentially earn a 5.59% increase in gross rental yield.
Property investors have seen a 2.86% gain in ABERDARE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that ABERDARE, 2325 obtained a -1.33% decrease over a ten-year period. It ranks 1685th on our list of suburbs that property investors should look into.