NULKABA, 2325 delivered a stronger 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 NULKABA, 2325 values up and netting property investors a capital gain of 32.87% for the past year.
Investors saw the median home price rise to $671,000.
Profits due to an upward trend in home prices in the suburb averaged 11.76% per annum over a 3-year period.
NULKABA now ranks at the 390th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NULKABA, homes and units usually stay on listing for an average of 126.5 days.
In 2016, 22 properties were sold in NULKABA during the past year, making it the 853rd most active market in NSW based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||32.87%||N/A|
|Median 3 years||35.28%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||7.63%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||126.5 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|