WESTDALE, 2340 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 WESTDALE, 2340 values up and netting property investors a capital gain of 5.31% for the past year.
Investors saw the median home price rise to $337,000.
Profits due to an upward trend in home prices in the suburb averaged 5.54% per annum over a 3-year period.
WESTDALE now ranks at the 449th 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 WESTDALE 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 $340 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 WESTDALE, homes and units usually stay on listing for an average of 88.9 days.
In 2016, 42 properties were sold in WESTDALE during the past year, making it the 475th most active market in NSW based on total real estate transactions.
As a homebuyer, it is natural that you...
A tough one, removing a mechanism which...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal