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 7.48% for the past year.
Investors saw the median home price rise to $682,500.
Profits due to an upward trend in home prices in the suburb averaged 0.75% per annum over a 3-year period.
NULKABA now ranks at the 749th 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 74.4 days.
In 2016, 14 properties were sold in NULKABA during the past year, making it the 1152nd most active market in NSW based on total real estate transactions.
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