How rental and vacancy rates are performing in major capitals
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Property investors enjoyed capital gains of 25% over the last 12 months in WALCHA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.36% growth over a ten-year period. It ranks 2285th on our list of suburbs that property investors should look into.
WALCHA, 2354 has a capital gain of 25% for the past year, which is higher than average compared to its 40.96% growth within a five-year period.
With the median home price in WALCHA sitting at $265,000, and the average rent at $255, property owners could potentially earn a 5% increase in gross rental yield.
A 25% increase in median property prices in WALCHA, 2354 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 64th.
Figures from the previous quarter show that capital gains for real estate buyers in WALCHA are low, as opposed to average gains per annum over the past five years.
WALCHA, 2354 in NSW belongs to the local government area of Walcha (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $265,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.92% | N/A |
| Median 12 month | 25% | N/A |
| Median 3 years | 29.27% | N/A |
| Median 5 years | 40.96% | N/A |
| 10 years average annual | 3.36% | N/A |
| Weekly media advert. rent | $255 | N/A |
| Time on Market | 116.6 days | N/A |
| Gross Rental Yield Percent | 5% | N/A |
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